Arkham Alternatives Expand Crypto-Tracing Options
Arkham Intelligence has moved full wallet histories, cross-chain tracing and risk scores behind its paid Enterprise tier. Its free plan now displays only a wallet’s 100 most recent transactions, prompting users to consider Arkham alternatives for crypto investigations and compliance work.
A review tested two Bitquery tools against the January 2026 Truebit exploit, in which an attacker stole 8,535 ETH, worth about $26.4 million, and sent the funds to Tornado Cash within 53 hours. Bitquery MoneyFlow offers free visual tracing across 17 chains, while its MCP tool lets users ask AI assistants to trace funds and assess risk. The article says both tools followed the stolen ETH to Tornado Cash, though they do not automate cross-chain tracing.
Other Arkham alternatives include Nansen for trading research, Chainalysis Reactor and TRM Labs for institutional investigations, Dune for SQL-based analysis, and Etherscan for individual wallet and transaction checks. Arkham’s free address labels remain a notable advantage. The article’s author discloses working at Bitquery.
Neutral
The news is neutral for the wider crypto market. It concerns access to blockchain analytics and investigation tools, not a change in the fundamentals, supply or demand of a major cryptocurrency. The Truebit theft is a serious security incident, but it occurred in January 2026 and this article focuses on tracing the funds and comparing software options, rather than announcing a new exploit or fresh losses.
In the short term, the change to Arkham’s free tier could shift some investigators and traders toward Bitquery or other analytics platforms. That may affect product adoption and the workflow of teams tracking suspicious wallets, but is unlikely by itself to move broad crypto prices. Traders may pay closer attention to wallet labels, mixer flows and exchange deposits when assessing individual tokens or security risks.
Over the longer term, paid access to deeper histories and risk tools could reinforce demand for institutional-grade blockchain analytics and improve monitoring practices. However, no platform can guarantee recovery or reliably identify every user after funds enter a mixer. As with past exchange hacks and laundering cases, market effects tend to depend on the scale of losses, affected assets, exchange exposure and regulatory response. The article provides no new market-wide shock or evidence of immediate instability, supporting a neutral assessment.