Nansen, a blockchain forensics company, identified a series of transfers worth $55 million in ARKM tokens by Arkham Intelligence. Arkham Intelligence is a blockchain deanonymization platform backed by Binance and other investors.
Nansen notes that the tokens were sent to addresses that were not identified, and many of them allegedly ended up on the Cryptocurrency exchange.
Some time ago, Nansen stated that Arkham had moved more than 25.2 million ARKM tokens in the past few days. Most of them went to wallets that were not registered.
Binance Addresses Complex Transfers
Two different addresses sent 2.6 million ARKM tokens to a Binance market-making address. Two other addresses used new addresses to send the funds to a different cryptocurrency exchange address. It appears as though the shifts were more difficult than they actually were due to this.
Nansen pointed out that 200,000 ARKM coins have not yet been moved to the Cryptocurrency Exchange, even though transfers continue to go on. This could mean that a deal will be finalized soon.
The company Arkham Intelligence was started in 2020 and became famous for providing blockchain experts different crypto addresses to use.
A significant number of people, including Cryptocurrency Exchange, invested funds into the site. Through Binance Labs and Binance Launchpad, they backed Arkham and raised $2.5 million.
Arkham Intelligence has not disclosed anything about the claims in public at this point therefore it remains unclear where the token sales came from.
