Uniswap blacklists 253 crypto addresses for crimes, sanctions

  • GitHub briefly shows that Uniswap has blacklists 253 crypto addresses.
  • The addresses were connected to services that mixed transactions, such as Tornado Cash.
  • 30 of those addresses are domain names associated with the ENS (Ethereum Name Service) domain name.

Since Uniswap started working with TRM Labs, a blockchain analytics company, four months ago, 253 crypto addresses have been blacklists. The block was put in place because there were links to the stolen money.

This is the first time ever that Uniswap has shared information about wallet blacklisting. These stolen funds were connected to services that mixed transactions, such as Tornado Cash, which was approved by the US Treasury.

This information about thefts was posted on GitHub by Jordan Frankfurt, a software engineer at Uniswap. Yearn Finance says that developer Banteg posted a tweet that said Uniswap had blocked 253 cryptocurrency addresses.

In one of the tweets, Banteg said about frontend censoring via TRM Labs that “Uniswap has given an unusual level of transparency.” At the beginning of this year, Uniswap made a deal with TRM Labs to work together.

TRM Labs is in charge of putting crypto addresses that are linked to sanctions and other illegal activities that involve crypto on a blacklist.

The Kinds of Risk Factors That Uniswap Points Out

There was some confusion about how many crypto addresses Uniswap and the TRM Labs gated front end had blacklisted.

Later, it was said that 253 addresses were put on the blacklist, and 30 of those are ENS (Ethereum Name Service) domain names.

Banteg, the people who made it also said that there were two levels of risk and seven different types of risk factors.

Banteg also said that both ownership of a “bad” address and being a “bad” address’s counterparty are checked and can lead to a block.

There are also three main things that make up Uniswap. The first is the code that runs on the blockchain and can be changed by anyone.

The other must be a front-end website that lets users interact with the code in a certain way. The third must be a company that makes the protocol that runs the front-end website.

The US is where the company is based. The front-end level is where the addresses will be blocked.

What are the seven most common types of crimes?

What do people say on GitHub Frankfurt, a software engineer at Uniswap, says that at first it blocked addresses that were indirectly linked to the approved addresses, but that was later changed.

In the graphic that was posted on GitHub, it said that TRM Labs will look for seven types of bad behaviour when it checks the addresses.

The four main types of things that are often found are stolen funds from the transaction mixer, extra funds from known fraud, and sanctioned addresses.

Among the other remaining categories are money used to fund terrorism and money from hackers. It also includes things like the sexual abuse of children.

Banteg said that 30 of these addresses were linked to ENS (Ethereum Name Service) names so that it would be easier to send crypto payments to these wallets.

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