So...Snitch-To-Earn Is a Thing Now?

TL;DR

• ​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​.

• At first glance, it might not seem like the worst idea - many scammers have been tracked and exposed using similar methods.

• 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. (Not great).

Full Story

• Lighting fireworks inside.

• Talking politics at Thanksgiving.

• 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!