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Arkham: Due to UK and US regulatory requirements, some employees ARKM token wallets will be managed by Coinbase Custody

Arkham: Due to UK and US regulatory requirements, some employees ARKM token wallets will be managed by Coinbase Custody

Odaily2024/07/17 18:30
By:Odaily
Odaily News Arkham announced on the X platform that due to US/UK tax withholding and compliance requirements, the vesting wallets of some employees will be managed by Coinbase Custody starting July 18, which will involve recycling ARKM from the existing vesting smart contract to an intermediary address and then transferring the tokens to the Coinbase Custody address. In the future, Coinbase Custody will manage the vesting of ARKM tokens for these employees, and will also be subject to compliance and transaction monitoring, and will be traded according to the preset 3-year unlocking plan, but the vesting schedule has not changed from the original token economics.
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