Pay-to-Snitch Surveillance Firm Arkham Intelligence Says It Identified Nearly 1M BTC in Coinbase Wallets
Nearly 5% of all BTC in existence are on Coinbase, claims the surveillance company.
- "Arkham has now identified $25B of Coinbase Bitcoin reserves (~1M BTC) on chain."
- "This makes Coinbase the largest Bitcoin entity in the world on Arkham, with almost 5% of all BTC in existence - about as much as Satoshi Nakamoto," said the surveillance company.
- "Arkham has identified and tagged over 36 Million BTC deposit and holding addresses used by Coinbase, with their largest cold wallet containing ~10K BTC. Based on their most recent financials, Coinbase likely has thousands more BTC not yet labeled."
- Earlier this year, Arkham Intelligence launched its 'pay-to-snitch' shitcoin ARKM to incentivize individuals to sell sensitive information about digital asset wallet owners.
