Arkham has withdrawn 304.5 million ARKMs, valued at around $487.24 million, from its vesting contract and moved them to Coinbase Prime custody to meet regulatory and tax obligations. This includes 115.8 million ARKM tokens owned by CEO Miguel Morel. The transfer enhances security and regulatory oversight by making the tokens' status invisible on the blockchain. A linear unlocking cycle for team members, investors, and advisers began on July 17, with a daily unlocking volume of 324,200 ARKM tokens. Despite recent changes, the three-year unlocking schedule remains intact. This strategic move aligns with Arkham's focus on regulatory compliance and security, ensuring investor confidence. The use of Coinbase Prime's custody services guarantees stringent security measures. Additionally, the article discusses the importance of tax reporting in the crypto space and how law enforcement agencies utilize services like Coinbase for handling confiscated assets. Read more AI-generated news on: https://app.chaingpt.org/news

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