The Mercado Bitcoin Hacker holds $46M of crypto.
This includes $8.37M ETH, $8.24M BTC, and $1.76M PEPE.
Track him using this custom entity on Arkham: https://t.co/DcBKwbmgrH
4.3/ 5
Our score
Very good
Tool type
On-chain analyticsWallet trackingAlerts
Free plan
Yes
Chains covered
16
API access
Yes
Alerts
Yes
What is Arkham?
Arkham is a blockchain analytics platform that deanonymizes wallet addresses and links on-chain transactions to real-world entities. Operating across networks like Ethereum, Polygon, Avalanche, Zcash, and Hyperliquid, the platform processes public ledger data through its proprietary Ultra engine, covering billions of address labels and over $1.8 quadrillion in tracked transaction volume as of October 2026.
Team and backing
Founded in 2020 by Miguel Morel, the platform is operated by United States-based Arkham Intelligence Inc. The project raised early capital from private investors including Sam Altman, followed by a private token sale round with Binance Labs in November 2023. Arkham's core network runs on its native utility token, ARKM, which powers governance and user incentives across its platform services.
Platform features and architecture
The core intelligence platform operates without custodial requirements. Users can query addresses, visualize transaction paths, and monitor portfolios directly in a web interface or via the Arkham Intel mobile app launched in January 2026. Arkham's data catalog aggregates 7.7 billion address tags across 16 chains, including recent additions like Robinhood Chain and privacy-focused networks like Zcash. For professional teams, the Arkham API offers enterprise-grade address matching, risk scoring, and raw transaction data, also accessible via Google Cloud Marketplace. The company also operates the Arkham Exchange, which features spot and perpetual trading interfaces alongside decentralized trading tools.
Fees and access
The public web analytics tools, visualizer, and custom alert systems are accessible via a free tier. API usage operates under tiered enterprise pricing models. On the Arkham Exchange, trading fees follow a dedicated schedule with a 25% discount applied to users who settle their transaction fees in ARKM.
Track record and risks
Arkham surpassed 3 million registered users in February 2026. The platform's research team frequently covers major security incidents, such as the Lazarus Group's $625 million exploit of the Ronin Network and the February 2025 Bybit security breach. However, on-chain entity tracking carries inherent risks: algorithmic heuristics and AI-driven labels can produce false positives, misattributing wallet ownership. Also, users executing trades on the Arkham Exchange face counterparty exposure typical of centralized platforms, and key API integrations remain subject to enterprise rate limits and pricing tiers.
Best for:Researchers investigating on-chain hacksTraders tracking smart money flowsInstitutions monitoring counterparty risks
Pros and cons
Pros
- Free access tier for public search, visualizer, and address dashboards
- Extensive catalog of 7.7 billion entity tags across 16 blockchains
- API available natively and through Google Cloud Marketplace
- Mobile app access for iOS and Android monitoring on the go
Cons
- Algorithmic entity labeling can lead to inaccurate address attribution
- Exchange trading introduces custodial and smart contract counterparty risks
- Enterprise API access requires paid subscription contracts and custom quotes
Our review
4.3/5
Very good
Arkham offers deep entity attribution and free wallet intelligence across 16 chains, but its deanonymization model raises privacy concerns and exchange products introduce trading counterparty risk.
Arkham Intelligence combines on-chain tracking with an entity-identification system powered by its Ultra algorithmic engine. Founded in 2020 by Miguel Morel and backed by investors including Binance Labs and Sam Altman, the platform maps real-world identities to public addresses. By October 2026, Arkham cataloged 7.7 billion address tags and mapped roughly 3.9 billion addresses, attributing 93% of tracked value across 16 supported blockchains.
For analysts and investigators, the core platform processes high-volume on-chain activity across multiple ecosystems. Users can inspect counterparty relationships, set custom on-chain alerts, and visualize complex fund flows using Visualizer 2.0. Coverage extends across networks such as Ethereum, Polygon, Avalanche, Zcash, Hyperliquid, and Robinhood Chain. A dedicated mobile application announced in January 2026 brings alerts and portfolio tracking to mobile devices, while the web platform remains free for public wallet tracking.
Arkham expands beyond analytics into direct execution. It launched the Arkham Exchange with spot and perpetual markets, offering a 25% fee discount when settling trading costs in ARKM. Enterprise developers can also source entity tags and risk scores through the Arkham Blockchain Data API, which became available on Google Cloud Marketplace in October 2026.
The platform presents distinct trade-offs. The public attribution model inherently compromises pseudonymity, which draws criticism from privacy advocates. Adding integrated exchange services introduces custodial and trading risks not present in standalone, read-only analytics suites. Arkham suits institutional researchers and active traders tracking smart-money flows. Users seeking complete transactional privacy or passive self-custody portfolio tracking without deanonymization features should consider alternative tools.
Sources (2)
Specs
| Tool type | On-chain analytics, Wallet tracking, Alerts |
|---|---|
| Free plan | Yes |
| Chains covered | 16 · unverified |
| API access | Yes · unverified |
| Alerts | Yes · unverified |
| Mobile app | Yes · unverified |
| Wallet tracking | Yes · unverified |
Not disclosed by the provider: Paid plans from (per month), NFT data, CSV export.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Ultra intelligence engine
Matches pseudonymous crypto addresses to known institutions and individuals using an address catalog with 7.7 billion tags.
Visualizer 2.0 mapping
Maps wallet interactions and token flows graphically to trace the movement of funds between counterparties.
Multichain wallet tracking
Tracks balances, historical flows, and active positions across 16 networks including Ethereum, Polygon, Avalanche, and Hyperliquid.
Custom alerts
Sends notifications on specific token transfers, exchange deposits, and high-value transactions filtered by entity or balance.
Enterprise blockchain API
Supplies labeled wallet data, entity classifications, and transaction monitoring via direct integrations and Google Cloud Marketplace.
Integrated exchange trading
Supports spot, perpetual, and decentralized trading with a 25% fee discount when paid in ARKM.
Inside Arkham
Arkham Intel Platform
The public analytics web application that visualizes fund movements, deanonymizes addresses, and tracks transaction flows across entities.
Arkham Visualizer
A network graphing tool, updated to version 2.0 in October 2026, that maps counterparties and transactional links between wallets.
Arkham Blockchain Data API
An enterprise API providing programmatic access to Ultra address labels, entity metadata, risk scores, and transaction history.
Arkham Exchange
A trading platform providing spot, perpetual, and decentralized trading execution with fee discounts for ARKM token holders.
Arkham Intel Mobile App
A mobile interface for tracking addresses, viewing entity activity, and receiving push notifications for on-chain alerts.
What users say about Arkham
Users widely rely on the platform as a reference tool for on-chain intelligence, blockchain forensics, and tracking wallet movements.
In their own words
“Here you go if you want to watch live how the hackers move the money. If you click on "Analyze" the AI will show you how they swap the money and where it moves.”
“In my professional opinion you are cooked unfortunately. Those 50-100 accounts are going to be linked together. Check out an Arkham visualiser: Even if you've done this perfectly up until now the moment you withdraw to a bank then HMRC will have enough info to work backwards.”
Based on 29 Reddit posts and comments from the last 12 months, checked Oct 20, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Arkham? Share your experience below.
Funding and investors
2Rounds
2Investors
-
Private token sale Nov 2023 Amount undisclosed
-
Funding round Amount undisclosedSource
FAQ
Who founded Arkham?
Arkham Intelligence was founded in 2020 by Miguel Morel. The company is based in the United States and has raised funding from investors including Binance Labs and Sam Altman.
Does Arkham have a native token?
Yes, Arkham has a native utility token with the symbol ARKM. It powers the platform's intelligence exchange ecosystem and offers a 25% discount on trading fees on Arkham Exchange.
How much does Arkham cost to use?
The core Arkham Intel Platform offers a free plan for public blockchain analytics and wallet tracking. Developers accessing the enterprise-grade Arkham Blockchain Data API utilize tiered pricing, and exchange users pay standard trading fees subject to ARKM discounts.
Which blockchain networks does Arkham support?
Arkham supports 16 blockchain networks. Supported chains include Ethereum, Polygon, Avalanche, Zcash, Hyperliquid, and Robinhood Chain.
Does Arkham offer a mobile app?
Yes, Arkham announced the Arkham Intel Mobile App in January 2026. The app allows users to track entity portfolios, view transaction data, and receive address alerts on mobile devices.
Latest from Arkham on X
We're hosting drinks with @GSR_io at Solana Breakpoint in London on November 16th. Secured the best venue near the conference.
Request to join here: https://t.co/uO66Kao6OG
Request to join here: https://t.co/uO66Kao6OG
The Binance Hacker drained $6.3B in total from Binance.
First $300M on XRP, and $6B across 141 transfers on nine chains, between 20:10 and 23:05 UTC.
$4.90B of it arrived in the first 14 minutes, with $2.53B drained in a single transaction - the hacker’s largest movement. https://t.co/qQzjAtjQMc
First $300M on XRP, and $6B across 141 transfers on nine chains, between 20:10 and 23:05 UTC.
$4.90B of it arrived in the first 14 minutes, with $2.53B drained in a single transaction - the hacker’s largest movement. https://t.co/qQzjAtjQMc
The Binance Hacker just sent $38.82M ETH to a new wallet.
Is this going to Tornado Cash?
He still holds $1.12B ETH. https://t.co/qeB3Wb6W6u
Is this going to Tornado Cash?
He still holds $1.12B ETH. https://t.co/qeB3Wb6W6u
Binance Hack: $6.01B Stolen, $2.80B Frozen
The Binance Hacker took $6.01B from Binance hot wallets on nine chains between 20:10 and 23:05 UTC on 29 October.
Issuers have frozen $2.80B of it. $2.9B in ETH, BTC, TRX, SOL and altcoins is still movable. https://t.co/3yd80hGt7a
The Binance Hacker took $6.01B from Binance hot wallets on nine chains between 20:10 and 23:05 UTC on 29 October.
Issuers have frozen $2.80B of it. $2.9B in ETH, BTC, TRX, SOL and altcoins is still movable. https://t.co/3yd80hGt7a
Recent public posts from @arkham, shown as published. Not reviewed or endorsed by CryptoReview.
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