Morel founded Arkham in 2020 and received investments from angel investors including Tim Draper, Joe Lonsdale of Palantir Technologies, and Sam Altman of OpenAI and Worldcoin.

[3][4][5] Arkham reported on a hacker who stole approximately $477 million worth of tokens from FTX and sent 180,000 Ethereum (ETH) coins to at least a dozen digital wallets in November 2022.

[9] That same month, Arkham released a report which revealed that Alameda liquidators lost $72,000 worth of crypto while trying to recover funds as part of FTX's bankruptcy.

[14] In July 2024, Arkham tracked the German Government's movements of Bitcoin to centralized crypto exchanges like Coinbase, Kraken, and Bitstamp as it completely sold off its nearly 50,000 BTC holdings worth more than $2 billion at the time.

German authorities had seized the Bitcoin from the operators of Movie2k.to and transferred it to a crypto wallet Arkham identified as being owned by Germany’s Federal Criminal Police Office.