Uniswap has begun to identify and block criminal crypto wallets
The crypto exchange is collaborating with blockchain analytics company TRM Labs
23.04.2022 - 10:50
338
1 min
0
What's new? Uniswap Labs, the company that developed the decentralized exchange Uniswap, has begun working with blockchain analytics company TRM Labs to identify and block cryptocurrency wallets linked to criminal activity. The company's blog states that the exchange is already blocking all addresses from the Office of Foreign Assets Control (OFAC) sanctions list. The exchange officials noted that the blocking only takes place on the user interface side of the app and does not affect smart contracts.
What had happened before? The transaction mixer Tornado Cash announced the blocking of wallets hit by OFAC sanctions. The service uses tools from analytical company Chainalysis to track the addresses of violators. The mixer already blocked the addresses of Ronin sidechain hackers.
On April 5, OFAC imposed sanctions on the Garantex crypto exchange and Russian darknet marketplace Hydra.The analysis revealed that more than $100 million in cryptocurrency related to illegal activities passed through Garantex. Almost $6 million of these came from the Russian hacker group Conti, and about $2 6 million came from Hydra. OFAC blocked all property of Hydra and Garantex that are located in the United States.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$97 636
BTC
+0.7%
-
Ethereum
$3 488.78
ETH
+5.54%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.43
XRP
+4.62%
-
Dogecoin
$0.417775
DOGE
+1.41%
-
Cardano
$1.02
ADA
+3.27%
-
Stellar XLM
$0.501268
XLM
-2.11%
-
Polkadot
$8.74
DOT
+1.11%
-
Bitcoin Cash
$525.01
BCH
+6.88%
-
Litecoin
$96.86
LTC
+2.53%