Arkham, a company that specializes in uncovering the identities behind anonymous crypto wallets, is offering a hefty reward to anyone who can expose the people behind a fraudulent memecoin project.
The memecoin in question, Restore the Republic (RTR), was themed around former President Donald Trump and saw a meteoric rise in price before crashing dramatically.
Arkham is offering a $50,000 bounty for information leading to the identification of the owners of four specific wallets that were involved in “sniping” the launch of RTR. Sniping refers to a shady practice where people buy up a large amount of a coin at a low price before it becomes publicly available, giving them an unfair advantage.
The RTR project was linked to Eric Trump, who announced “something big” in the crypto space before denying any involvement with the memecoin.
Arkham is working with the RTR team to expose the individuals responsible for the alleged scam. They believe that unmasking these individuals will help to restore trust in the crypto community and prevent similar scams from happening in the future.
This move by Arkham highlights the growing concern over fraudulent activity in the crypto space. As cryptocurrencies become more mainstream, it’s crucial to have tools and resources to identify and punish those who try to exploit the system.
/p>
