#Arkham CEO, Miguel Morel, has responded to the claims circulating in the crypto community regarding the company’s “ #Intel Exchange” program.

He refutes the notion that it is a “snitch-to-earn” or “dox-to-earn” system and instead emphasizes its purpose in identifying bad actors within the blockchain ecosystem.

Unveiling the Arkham Intel #Exchange: Deanonymizing the Blockchain

Arkham’s Intel Exchange, launched as a token sale on Binance Launchpad, aims to bring transparency to the blockchain by rewarding users who reveal the true identities behind anonymous blockchain addresses.

The platform garnered criticism on Crypto Twitter, with many labeling it a “snitch-to-earn” system.

Arkham CEO’s Response: Privacy Challenges in Public Blockchains

During a Twitter Space session, CEO Miguel Morel addressed the public relations controversy surrounding Arkham’s Intel Exchange.

He acknowledged the challenges of maintaining privacy on public blockchains, asserting that they are not the ideal platforms for keeping personal information private.

Defending the Purpose: Exposing Scammers and Hackers

Morel defended the Arkham #IntelExchange , stating that its primary objective is to uncover scammers and hackers involved in crypto exploits.

He emphasized the need to protect the crypto community from malicious actors and clarified that Arkham will retain control over the data shared on the platform.

Ensuring Responsible Information Sharing

Contrary to the perception of a completely free market, Morel emphasized that the Intel Exchange will be subject to restrictions and guidelines set by Arkham.

The platform will carefully regulate the information shared to prevent abuse and false accusations.

Targeting Trading Firms and Large #Institutions

Morel highlighted that Arkham’s focus is primarily on uncovering trading firms, market makers, exchanges, and large institutions that benefit from inside information on significant token transactions.

By doing so, the platform aims to promote fairness and transparency in the crypto market.

Addressing Concerns of Abuse and False Accusations

While concerns were raised about potential abuse and false accusations facilitated by “crypto detectives,” Morel assured that Arkham’s bounty system will undergo rigorous vetting and approval processes.

He emphasized that the platform will be more regulated than social media platforms like Twitter or Facebook.

Data Management and User Privacy

TV host Ran Neuner raised concerns about Arkham’s management of user data, expressing reservations about potential privacy breaches.

Morel acknowledged the importance of responsible data management and reassured users that Arkham will take necessary measures to protect their information.

Recent Email Leak Incident and Referral Program

Arkham faced criticism recently for leaking user emails through its Weblink referral program.

The inclusion of easily decipherable characters in referral links revealed users’ email addresses, raising concerns about data security and privacy practices.

Enhancing Security and Regulating Information: Arkham’s Approach to the Intel Exchange

Arkham CEO Miguel Morel further elaborated on the company’s commitment to ensuring security and responsible information sharing through the Intel Exchange.

He emphasized that Arkham will implement strict guidelines and regulations to govern the platform effectively.

Unlike social media platforms, every bounty shared on the Intel Exchange will require approval, preventing the dissemination of false or misleading information.