Arkham Intelligence Accused of Data Breach: Users Slam Intel-to-Earn Model as ‘Snitch to Earn’
Dallas-based Arkham Intelligence has recently come under fire for a controversial incident. The company, which is preparing to list a token on the Binance launchpad, has reportedly exposed the private information of users who used its referral codes, as part of its unique ‘Intel-to-Earn’ system. An online user going by the moniker ‘Zoomer’ raised concerns on social media, accusing the company of breaching its privacy policy.
In a tweet, Zoomer criticized Arkham, alleging, “ARKHAM INTEL DATABREACH – REFLINKS SHARED DOX EMAIL IN BASE64 FORMAT,” followed by the cautionary note, “Update: some of your private information is already leaked.”
The controversial reveal comes in stark contrast to Arkham’s clear Privacy Policy which limits the ways they can use user emails, including a hash. With this incident, the company has likely violated its policy.
Zoomer further speculated whether Arkham was “just farming their own data market airdrop,” highlighting the contentious nature of the company’s Intel-to-Earn approach, or as some disgruntled users have started to call it – ‘Snitch as a Service’ or ‘Snitch to Earn’.
Context on Arkham’s Intel-to-Earn Model
Arkham’s Intel-to-Earn model is a system designed for the Arkham Intel Exchange, touted as the world’s first on-chain intelligence exchange. The system encourages buyers to request intelligence from the community by placing bounties. On-chain sleuths, as Arkham refers to them, can claim these bounties by providing the requested intelligence, thereby earning rewards.
The Arkham Intel Exchange aims to create a decentralized intel-to-earn economy, where sleuths are compensated based on their skills and knowledge. This innovative approach has aimed to bridge the gap between intelligence buyers and sellers.
Despite the controversy, the Arkham Intel Exchange is currently in private beta and is set to launch soon. However, given the recent accusations, it remains to be seen how these allegations might impact the launch and the future of the platform’s Intel-to-Earn model.
