Arkham Intelligence offers bounty for identifying FTX hacker

Blockchain analytics company Arkham Intelligence announced a bounty for information about the identity of the hacker that compromised the now-defunct cryptocurrency exchange FTX.

In the announcement, Arkham Intelligence promised a bounty of 100,000 ARKM (the platform’s own tokens) for a value exceeding $46,000. To obtain the bounty, “users need to identify the person or entity behind the hack.”

Participants also need to deposit 10 ARKM — a measure meant to prevent spam submissions. The deposit of the person who will provide the right information will be returned — and provide context for their decision, including research, public information, and cited sources credibly proving that the conclusion they came to is correct.

When FTX was in the midst of its collapse back in November 2022, FTX representatives reported that the exchange fell victim to a hack that resulted in the loss of over $415 million in cryptocurrencies. This was the second largest crypto hack of that year, and so far, no person involved has been identified.

No significant progress has been made in finding those responsible despite the United States Department of Justice starting a probe in December of 2022 when some were suggesting that it was an inside job. The situation at the time got so bad that users were advised to avoid updating the FTX smartphone application to avoid getting possible viruses.