Decentralized Finance Crypto Exchange Uniswap Starts Blocking Addresses Linked To Blocked Activities – Defi Bitcoin News - BitcoinEthereumNews.com
Uniswap, one of the main decentralized finance exchanges in the cryptocurrency world, is now taking measures to ensure illegal funds canot be transacted using its platform. The company has already started blocking addresses linked to “blocked activities” and will apply a filter with data provided by TRM Labs, a blockchain analysis firm that focuses on detecting illegal activities. Uniswap Scrutinizes Addresses Interacting With Its Frontend Uniswap, the decentralized finance exchange, has taken measures to curb the illegal activity conducted using its platform. The exchange has now introduced address screening procedures that log the addresses using its official frontend. These addresses are then compared to a blacklist provided by TRM Labs, a blockchain firm that provides transaction monitoring services. While the extent of these measures is still unknown, in its address-screening FAQ, Uniswap nagpapaliwanag the kind of activities it wants to exclude from taking advantage of its services. It states: Nilalayon naming i-block lang ang mga wallet na pagmamay-ari o nauugnay sa malinaw na ilegal na pag-uugali tulad ng: mga parusa, pagpopondo sa terorismo, na-hack o ninakaw na mga pondo, ransomware, human trafficking, at child sexual abuse material (CSAM). The exchange has not provided the pool of addresses that will be blocked from using its official