Arkham says US government not moving Bitcoin; labeling issues continue

2 years ago

Arkham Intelligence said that it has not observed funds moving from wallets connected to the U.S. authorities successful a bid of tweets connected May 10.

In a now-protected account, Twitter idiosyncratic beetle (@1kbeetlejuice) suggested that “[U.S. government] Bitcoin wallets are connected the move” based connected Arkham data.

Arkham refuted the rumor arsenic it dispersed connected societal media, writing:

“Don’t spot thing connected our end.”

The contented seems to person emerged from assemblage labels. Arkham explained that users tin manually adhd labels to wallet addresses and edit information collections called Entities.

Arkham said that specified manual changes “do not bespeak associations” made by Arkham itself. It explained that it has marked conscionable 7 Bitcoin wallets arsenic associated with Silk Road — the darknet marketplace from which the U.S. has seized definite crypto addresses.

Regarding the wallets it has officially tagged, Arkham wrote:

“There person been nary outgoing Bitcoin transactions from these wallets today.”

A similar incident occurred successful precocious April erstwhile self-styled crypto quality ligament DB (@tier10k) suggested that authorities crypto funds were successful transit based connected akin data.

Arkham Intelligence has shown it is not straight liable for incorrect labels. However, the platform’s attack to labeling is intelligibly an contented owed to the information that assemblage labels cannot beryllium readily distinguished from authoritative labels.

The station Arkham says US authorities not moving Bitcoin; labeling issues continue appeared archetypal connected CryptoSlate.

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