Crypto journalist Colin Wu claims that Binance’s well-known IEO project, Arkham Intelligence, has been gathering sensitive user information.
According to the tweet, Arkham’s blockchain intelligence platform has been “personal privacy trafficking” a significant number of users’ private email addresses. The greater crypto community criticized this.
The blockchain intelligence platform unveiled its “Dox-to-Earn” initiative, which enables users to buy private information on a wallet address anonymously, on July 10.
By tying money to a request, the platorm claimed to link users through a bounty mechanism. Adam Cochran, a Synthetix executive and contributor to Yearn Finance, also provided a rundown of all the information gathered by Arkham Intelligence.
This includes contact information, preferences, usage, marketing information, correspondence, transactional information, blockchain addresses, and even details about individual devices. An executive at Synthetix Adam Cochran said:
“It’s free cause you are the product.”
As stated in a tweet by Miguel Morel, CEO of Arkham Intelligence, “a Base 64 encoded version of the referrer’s email” was included in the referral links to track user referrals since the beta’s launch.
“It was not a way to collect user email. Users already use their emails when they sign up for the platform and get a ref link. We do not use them for anything other than communicating with users and attributing referrals.”
CEO of Arkham Intelligence Miguel MorelWu claims that the blockchain intelligence platform will soon publish a FAQ for its users regarding the use of their data.
