• Arkham Intelligence denies sending erroneous message to certain users.
• DB inferred that certain Bitcoin addresses were transacting based on labels he set.
• Arkham says their alerts were sent accurately, and no such transactions had taken place.
Arkham Intelligence Denies Erroneous Alerts
Market intelligence platform Arkham Intelligence denied on April 26th that it sent an erroneous message to certain users. Arkham conducted an investigation of the DB alert situation and determined that the alerts were sent accurately in this case. It was suggested that DB had set two alerts on Bitcoin transactions worth more than $10,000, labeling them “Mt Gox” and “US Gov” which he then inferred those certain Bitcoin addresses were transacting based on those labels. When it became clear that no such transactions had taken place, DB asserted a bug fix deployed caused alerts to be sent erroneously to a small subset of users. However, Arkham denies any error in their latest statement.
DB’s Inference of Transactions
DB tweeted publicly saying addresses tied to the U.S government and Mt Gox were transacting crypto when they weren’t actually doing so as his inference was wrong. He claimed it was due to a bug fix deployed by Arkham but the company has denied any wrongdoing in their latest statement regarding the matter.
Investigation By Arkham
Arkham has conducted an investigation into the matter and found out that their alerts were sent accurately and there was no error from their end whatsoever as stated in their latest statement denying all allegations of errors from them . The platform went further on saying that DB’s inference was wrong and he himself had set two alerts on Bitcoin transactions worth more than $10,000 labeling them „Mt Gox“ and „US Gov“.
Error Denied by Company
When it became clear that no such transactions had taken place, DB asserted a bug fix deployed caused alerts to be sent erroneously to a small subset of users . But Arkam denies any error , writing: „We have conducted an investigation of the DB Alert situation, and determined that the Arkhamalerts were sent accurately in this case.“
In conclusion , even though there was speculation about errors with Arkam’s system due to a bug fix causing false alarms , Arkam has since denied all allegations stating they themselves did not make any error but rather inaccuracies with how data is collected or interpreted can lead people astray at times .