Data: 304.5 million ARKM were transferred to Coinbase Prime one hour after being withdrawn from the custody contract

2024-07-20 22:07:15

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ChainCatcher news, according to Ember monitoring, 1 hour ago, 304.5 million ARKM (approximately 487.24 million USD) belonging to the Arkham team was withdrawn from the allocation contract and then transferred to Coinbase Prime.

This also includes 115.8 million ARKM (approximately 185.28 million USD) belonging to Arkham CEO Miguel Morel.

According to the announcement released by Arkham on July 18, this move is for tax and compliance purposes, requiring the team's tokens to be withdrawn from the on-chain unlocking contract and transferred to Coinbase Prime for custody/monitoring (which also means that it will not be possible to view the specific unlocking/transferring status of these tokens on-chain afterwards).

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Coinbase Prime ARKM Miguel Morel

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