Blockchain analytics firm Arkham is launching a bounty program to identify the owners of crypto wallets linked to a digital asset scam.
In a new post on the social media platform X, de-anonymizing firm Arkham says it’s offering four bounties in collaboration with the Restore the Republic (RTR) memecoin.
One bounty is for identifying the owner of each wallet associated with sniping the launch of RTR, a Donald Trump-themed memecoin.
“$50,000 bounty on Arkham. The Restore The Republic team has created and funded a series of bounties to uncover the identities and any relevant information about the owners of four specific wallets that sniped the RTR Token launch.”
Sniping in this context refers to a form of insider trading where entities get an unfair advantage by heavily loading up on a coin at a low price before the general public gets a chance to accumulate the asset.
According to Arkham, the bounties will be available to whoever identifies or provides strong verifiable evidence that leads to the identification of the owners of the wallets.
The rise and fall of the RTR token coincided with Donald Trump’s son Eric announcing the launch of “something big” in the decentralized finance (DeFi) space but denying that the memecoin had any involvement with himself or the former president.
RTR spiked up to $0.0217 on August 8th from $0.00737 before immediately crashing down to $0.00471 for a 78% collapse.
Weeks after Eric Trump’s announcement, it was revealed that Donald Trump will be launching his own crypto platform called The DeFiant Ones.
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