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So…Snitch-To-Earn Is a Thing Now?

July 12, 2023
in Web3
Reading Time: 3 mins read
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TL;DR

Blockchain intelligence agency ‘Arkham Intelligence’ has created a dox-to-earn program, the place customers are paid to anonymously determine the homeowners of explicit crypto wallets.

At first look, it may not seem to be the worst thought – many scammers have been tracked and uncovered utilizing comparable strategies.

However there’s one other method this sort of info can be utilized, and ah…it is fairly darn grim:

Discover wallets holding a considerable amount of crypto → determine the proprietor → kidnap and rob them. (Not nice).

Full Story

Lighting fireworks inside.

Speaking politics at Thanksgiving.

Telling your nan that her ziti has “fallen off.”

These are all issues you can do, however actually should not.

Add to that record: making a dox-to-earn program, the place customers are paid to anonymously determine the homeowners of explicit crypto wallets.

Sadly, that is precisely what the blockchain intelligence agency ‘Arkham Intelligence’ has executed.

At first look, it may not seem to be the worst thought – many scammers have been tracked and uncovered utilizing comparable strategies.

(Hell, we have fun ZachXBT and Coffeezilla for doing precisely that!).

However there’s one other method this sort of info can be utilized, and ah…

It is fairly darn grim:

Discover wallets holding a considerable amount of crypto → determine the proprietor → kidnap and rob them.

These sorts of robberies are often known as ‘$5 wrench assaults’ – as a result of should you can verify someones wealth/id/location, all you want to full the job is an affordable wrench out of your native ironmongery store.

Placing a face/title to a crypto pockets has beforehand been a tall order.

However Arkham Intelligence’s nameless dox-to-earn program makes getting that kind of data a whooole lot simpler.

Yikes!

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Tags: So...SnitchToEarn
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