Arkham Uncovers Dozens of Cryptocurrency Wallets with Millions of Dollars Stuck in Blockchain Bridges

Arkham Intelligence has recently disclosed a significant discovery involving dozens of cryptocurrency wallets containing assets that are stranded within various blockchain bridges. This revelation includes wallets linked to prominent crypto exchanges and key figures within the cryptocurrency sphere.

These accounts, some associated with major names like the exchange Coinbase, contain assets ranging from several hundred thousand to millions of dollars, which have been "forgotten" for periods extending from a few months to over two years.

One notable instance involves a wallet connected to Ethereum co-founder Vitalik Buterin, who had transferred 50 ETH to a user. The recipient left these funds on the Optimism bridge, which now has a total of $1 million in stuck assets linked to this address, according to Arkham. Another wallet indicates involvement with Coinbase, with stuck assets valued at approximately $75,000, intended for withdrawal via the stablecoin USDC.

Moreover, the company Bofur Capital appears to have neglected about 27 BTC, valued at $1.8 million, that has been on a bridge for more than two years. Similarly, a wallet linked to thomasg.eth has left $800,000 on the Arbitrum Bridge for nearly two years.

Arkham’s team believes these situations arise because traders often receive no reminders to manually retrieve their funds, leading to prolonged entrapment of assets in decentralized blockchain bridges.

The platform has alerted individuals and companies whose assets they have discovered in this suspended state.

This report follows Arkham's previous tracking of Bitcoin assets owned by Tesla and SpaceX, valued at $1.3 billion.