Decentralized exchange (DEX) Uniswap (UNI), In four months working with blockchain analysis firm TRM Labs, he blocked 253 crypto addresses.
Uniswap recently revealed its wallet blacklist data for the first time.
The addresses were mostly blocked due to their links to stolen funds or cryptocurrency transaction mixing services such as Tornado Cash, which was recently sanctioned by the US Treasury.
UniSwap Engineer Jordan Frankfurt Shares Platform Blocked Cryptocurrency Address Data
The data was published on GitHub by UNI software engineer Jordan Frankfurt, according to Yearn Finance principal developer Banteg, who disclosed the data in a Tweet post and posted it on GitHub.
uniswap has provided an unusual level of transparency re their frontend censoring via trm labs.
they have even shared the logs from their server.
https://t.co/2JBImqfBUii’ve saved and analyzed them. pic.twitter.com/tmSfAmUdFj
— banteg (@bantg) August 19, 2022
There are three key things that make up Uniswap: a front-end website that runs on the blockchain that provides code that anyone can interact with, a single way for users to interact with the code, and a US-based company that develops and operates the protocol.
The blocking of crypto addresses takes place at the front-end level.
UNI partnered with TRM Labs in April. When a user interacts with the Uniswap website, their address is sent to TRM Labs, which TRM Labs assigns a risk level to that address. It is left to Uniswap to decide which risk levels are appropriate.
According to Frankfurt’s comments on GitHub, UNI initially also blocked addresses that were indirectly associated with sanctioned addresses, but has since reduced that. It now only blocks addresses that receive sanctioned or directly hacked or stolen funds.
Banteg has 30 of the addresses to these wallets. cryptocurrency indicated that it was associated with ENS names used to facilitate sending payments. Banteg thinks most of them are probably legitimate users.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!