Arkham Intelligence, an industry leader in on-chain data tracking, has released a list of the richest people in crypto according to their wallet balances. This list has been making the rounds in the crypto community due to the top 5 alone being worth billions of dollars. But perhaps, what is more interesting is how much of this money has now been deemed inaccessible.

3 Of The Top 5 Crypto Rich List Lost Forever

Arkham took to X (formerly Twitter) to share the top 10 richest individuals in crypto ranked by the net worth of their wallet holdings. But the most interesting bits actually lay in the list of the top 5 richest individuals, which included the likes of Tron’s Justin Sun and Ethereum’s Vitalik Buterin.

According to the data shared by Arkham, Justin Sun emerged at the top of the list with a wallet balance of $1.1 billion, followed by Rain Lohmus, the Chairman of LHV Bank, whose wallet is worth $793 million. Next in line is Ethereum founder Vitalik Buterin, with a wallet balance of $782 million.

In fourth place is Stefan Thomas, a software engineer whose wallet holds a considerable $452 million. And then last but not least is James Fickel, with a total wallet net worth of $446 million. Altogether, these crypto millionaires and billionaire, hold a total of $3.5 billion. However, not all of this money is available to the owners.

As Arkham notes in its report, two out of these five individuals are no longer able to access their wallets anymore. The first of these two is Rain Lohmus who had invested $75,000 during the Ethereum ICO. Lohmus’s allocation came out to 250,000 ETH, which has appreciated greatly over time. However, he can no longer access the coins.

According to Lohmus, he had lost access to his Ethereum wallet and was unable to find the key to the wallet. Given this, the coins are presumed to be lost forever, but Lohmus has offered a 50-50 split to anyone who can access the wallet and recover the funds.

Another individual whose coins are deemed lost is Stefan Thomas. Thomas is infamous in the crypto space for throwing out a flash drive that held the private keys to a wallet containing over 7,000 BTC over 10 years ago. Since then, Thomas has led efforts to excavate the landfill where he believes his trash was sent to, in an effort to recover the flash drive and recover the coins. However, he has run into various issues, such as the city not allowing him to excavate the dump site.

The other three on the list still have access to their wallets and are still involved in the crypto space to varying degrees.

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Arkham, a blockchain intelligence platform, announced the launch of the world’s first on-chain intelligence marketplace, the Arkham Intel Exchange.  This new platform will connect buyers and sellers of information on any crypto wallet address securely and anonymously via smart contract technology. 

Arkham’s Anonymous On-Chain Intel Exchange 

The Arkham Intel Exchange is designed to meet the growing demand for on-chain analysis from traders, investors, journalists, researchers, and protocols. The platform also aims to provide a way for talented on-chain sleuths to monetize their skills and experience, creating a decentralized intel-to-earn economy.

According to the announcement, buyers on the Arkham Intel Exchange can request and purchase information related to any on-chain activity, not just limited to entity labels. For example, victims of an exploit may pool resources to acquire Intel on the exploiter, while a trading firm may wish to buy out intel on their wallet before a competitor finds it. 

Any information related to a crypto wallet address, such as transaction history, balances, and other on-chain activities, can be bought and sold on the Intel Exchange. 

The platform aims to provide a liquid market for information, allowing on-chain sleuths to monetize their work at scale and meet the growing demand for on-chain intel in a scalable way. But how does the bounty system work?

The bounty system on the Arkham Intel Exchange is designed to connect buyers who need information on a crypto wallet address with bounty hunters who have the required intel. Buyers can post bounties by setting a reward for the information they need, and the reward can be in any cryptocurrency supported by the platform.

Once a bounty is posted, bounty hunters can claim it by submitting the requested intel. The bounty hunter who submits the required intel first is eligible to claim the reward set by the buyer.

To prevent spam, all bounty hunters must stake a small amount, which will be slashed in the event their submissions are not approved. Additionally, any intel bought or sold on the Intel Exchange will be exclusively held by the acquirer for 90 days. After that, the information will be propagated to all users, ensuring the decentralization of on-chain knowledge to the community over the long run.

After the 90-day holding period is over, the information is added to the Arkham platform and granted to Arkham’s wider community. This ensures the decentralization of on-chain knowledge to the community over the long run. 

The Arkham Intel Exchange will be live on Tuesday, July 18, and all transactions on the platform will take place through smart contracts audited by Arkham’s partner, Quantstamp. 

Arkham Token Sale Goes Live On Binance Launchpad

Binance Launchpad, the token launch platform of cryptocurrency exchange Binance, has announced its partnership with Arkham for the public token sale of its native token ARKM. This marks the 32nd project to feature a token sale on Binance Launchpad.

The ARKM token sale will follow the Launchpad subscription format, which will record user Binance Coin (BNB) balances for six days starting from July 11th, 2023. The final BNB holding amount for each user will be determined as the average of the six days, using the Daily Average BNB Balance calculation previously announced by Binance.

The ARKM token sale is set to have a hard cap of $2.5 million, with a hard cap per user of $15,000 (or 300,000 ARKM). The total token supply for ARKM is set at 1 billion, with 5% (or 50 million ARKM) allocated for the Binance Launchpad.

The public sale token price for ARKM is $0.05 per token, with the price in BNB to be determined before subscription. The subscription timeline is set to take place from July 17th to July 18th, with the subscription period opening for all eligible users for a 24-hour period. 

Featured image from Unsplash, chart from TradingView.com 

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