Arkham Intelligence Faces Backlash Over Zcash Deanonymization Claims

Key Points on Arkham Intelligence and Zcash:

Arkham Intelligence faced backlash for claiming to have "deanonymized" Zcash shielded transactions, which experts deemed inaccurate.
The original claim suggested labeling over 53% of Zcash transactions, but this was refuted by Zcash creator, Zooko, who clarified that only transparent wallets opting into public transparency were tracked.
Mert from Helius Labs criticized Arkham's claims as misleading for attention, emphasizing the impossibility of labeling shielded transactions.
Arkham explained that "shielded-to-shielded" transactions are untraceable, representing 50% of all Zcash transactions.
For the rest, Arkham used AI to label and trace connections, attributing $420 billion in volume, with 48% of inputs and outputs linked to entities.
The US Government holds a significant amount of transparent Zcash, currently valued at $1.64 million.
A major trader profited $6.6 million after purchasing Zcash during an October market crash.
Zcash has seen over 1,000% growth since August.