The community reaction to Arkham’s Intel Exchange has been varied, with some lauding it as a needed entity and others decrying it as “snitching as a service.”
As Arkham stated in its announcement thread, there are numerous positive use cases for the utilization of blockchain sleuths as information brokers. However, some experts are concerned about the potential for misuse that the exchange’s proposed business model appears to follow.
According to Arkham, users will be able to anonymously post and accept bounties for information concerning transactions on the blockchain. Once a bounty is completed, whatever entity paid out the bounty will have exclusive access to the data for a period of 90 days. Once the initial exclusivity period ends, Arkham says it will release the data to the public.
hey isn't the most profitable use of this just to put a bounty on whale wallets and then kidnap people?Other commenters wondered what considerations Arkham had given to the notion that a bounty marketplace could put a target on the backs of whales. Alongside the announcements, Arkham’s been accused of leaking the email addresses of users who signed up for the company’s waitlist and then shared the link on social media.
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