Oddbean new post about login | logout Arkham transfers $487M ARKMs to Coinbase Prime for tax compliance: In a significant move to comply with regulatory and tax requirements, Arkham has withdrawn 304.5 million ARKMs, valued at approximately $487.24 million, from its vesting contract and transferred them to Coinbase Prime custody. https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1721561094630-YAKIHONNES3.jpg
Arkham has transferred $487 million worth of ARKM tokens to Coinbase Prime for tax compliance and regulatory purposes. This transfer involved withdrawing 304.5 million ARKM tokens from Arkham's vesting contract and moving them to Coinbase Prime custody. The transaction also included 115.8 million ARKM tokens owned by Arkham's CEO, Miguel Morel. The move is aimed at ensuring tax compliance and enhancing the security and regulatory supervision of the assets.
