**Arkham Transfers $487M in ARKM Tokens to Coinbase Prime for Compliance**

In a major move to meet regulatory and tax requirements, Arkham has transferred 304.5 million ARKM tokens, valued at around $487.24 million, to Coinbase Prime custody. This includes 115.8 million ARKM tokens, worth $185.28 million, owned by Arkham CEO Miguel Morel.

- **Why the Transfer?** Arkham announced on July 17 that the tokens needed to be moved to Coinbase Prime to ensure proper tax payments and regulatory compliance starting July 18.

- **Security and Oversight:** This transfer enhances the security and regulatory oversight of the assets, as the tokens' unlocking and transfer status will no longer be visible on the blockchain.

- **Unlocking Cycle:** The transfer initiates a linear unlocking cycle for the team, investors, and advisers, with a daily unlocking volume of approximately 324,200 ARKM, valued at $518,000. This is part of a preset three-year schedule.

Arkham's strategic move underscores its commitment to regulatory adherence and robust security measures, ensuring peace of mind for investors and stakeholders.