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 certain crypto wallets.
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At first glance, it may 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 hey… it’s pretty grim:
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Find wallets with a large amount of crypto → identify the owner → kidnap and rob them. (Not good).
Full story
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Fireworks set off indoors.
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Talk politics over Thanksgiving.
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Telling your grandmother that her ziti fell off.
These are all things you could be do, but really should not have to.
Add to that list: creating a dox-to-earn program, where users are paid to anonymously identify the owners of certain crypto wallets.
Unfortunately, that is exactly what the blockchain intelligence company ‘Arkham Intelligence’ has done.
At first glance, it may not seem like the worst idea – many scammers have been tracked and exposed using similar methods.
(Damn, we’re celebrating ZachXBT And Coffee zilla to do just that!).
But there’s another way this kind of information can be used, and uh…
It’s pretty grim:
Find wallets with a large amount of crypto → identify the owner → kidnap and rob them.
These types of robberies are known as “$5 Wrench Attacks” – because if you can confirm someone’s wealth/identity/location, all you need is a cheap wrench from your local hardware store to get the job done.
Putting a face/name on a crypto wallet used to be quite a task.
But Arkham Intelligence’s anonymous dox-to-earn program makes getting that kind of information a lot easier.
Yuck!
