Popular DEX platform Uniswap has blacklisted 253 crypto addresses over the past four months with blockchain analytics firm TRM Labs. The popular Bitcoin exchange has released the first data on blacklisted wallets.
Bitcoin exchange blacklists 253 crypto addresses
As you can follow from Kriptokoin.com, the US Treasury Department has blacklisted most of the protocols used in money laundering, such as Tornado Cash. Uniswap reports that the blacklisted wallets are associated with these services. The data came from Uniswap software engineer Jordan Frankfurt’s GitHub account.
Uniswap and TRM Labs partnership extends to April. The resulting data is based on the TRM Labs record of transactions made on Uniswap. TRM Labs determines a risk level based on the actions of users who make these transactions. Uniswap decides whether it is appropriate for the user to continue trading according to the risk level.
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
According to Frankfurt’s comments on GitHub, Uniswap first blocked addresses that were remotely related to sanctioned addresses. However, he has continued to lead this policy ever since. It now prohibits access only to addresses that have been verified or have received stolen or illegally obtained funds.
The seven categories of illegal activity that TRM Labs looks for when reviewing addresses are listed in a chart on GitHub. The four main types of money commonly found include stolen money, money from a transaction mixer, money sent to sanctioned addresses, and money from a well-known scam. Money from known hacker groups, funds used to finance terrorism, and materials about child sexual exploitation are the remaining three categories.
Which addresses are blacklisted?
According to Banteg, 30 of the addresses were linked with ENS (Ethereum Name Servicce) names. It also made it easy to send cryptocurrency payments to these wallets. Banteg says the majority of them are authorized users.
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