TL;DR
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Blockchain intelligence firm ‘Arkham Intelligence’ has created a dox-to-earn program, where users are paid to anonymously identify the owners of particular crypto wallets.
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At first glance, it might not seem like the worst idea – many scammers have been tracked and exposed using similar methods.
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But there’s another way this kind of information can be used, and ah…it’s pretty darn grim:
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Find wallets holding a large amount of crypto → identify the owner → kidnap and rob them. (Not great).
Full Story
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Lighting fireworks inside.
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Talking politics at Thanksgiving.
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Telling your nan that her ziti has “fallen off.”
These are all things you could do, but really shouldn’t.
Add to that list: creating a dox-to-earn program, where users are paid to anonymously identify the owners of particular crypto wallets.
Unfortunately, that’s exactly what the blockchain intelligence firm ‘Arkham Intelligence’ has done.
At first glance, it might not seem like the worst idea – many scammers have been tracked and exposed using similar methods.
(Hell, we celebrate ZachXBT and Coffeezilla for doing exactly that!).
But there’s another way this kind of information can be used, and ah…
It’s pretty darn grim:
Find wallets holding a large amount of crypto → identify the owner → kidnap and rob them.
These kinds of robberies are known as ‘$5 wrench attacks’ – because if you can confirm someones wealth/identity/location, all you need to complete the job is a cheap wrench from your local hardware store.
Putting a face/name to a crypto wallet has previously been a tall order.
But Arkham Intelligence’s anonymous dox-to-earn program makes getting that sort of info a whooole lot easier.
Yikes!
