Defi Oasis platform will block sanctions addresses

OASIS Defi Platform will block sanctions addresses

Wallets falling under sanctions will not be able to access the OASIS Defi platform application at the front-end level, reports Cointelegraph.

As a result of changing the “service conditions”, addresses marked as high -risk, the platform prohibits the use of OASIS.App to manage positions and withdrawal funds.

“Recently, we needed to update the“ service conditions ”for the external interface so that they correspond to the current laws and rules. […] Any sanctions addresses will no longer be able to access the OASIS functions.App, ”the project representative explained.

The platform did not reveal what tools use to determine high -risk wallets. The developer under the pseudonym Banteg suggested that Oasis, after Uniswap, turned to the services of TRM Labs.

According to the site, the protocol controls deposits worth $ 3.42 billion, the volume of transactions over the past 30 days amounted to $ 4.6 billion.

Recall, on August 8, the US Ministry of Finance imposed sanctions against the Tornado Cash mixer for laundering $ 7 billion, including Lazarus Group related to the North Korean hacker group.

This caused a wave of tightening compliance in the industry. Decentralized Dydx Derivative Exchange began blocking user accounts that previously interacted with the mixing service.

Circle has blacklisted the USDC address 38 Tornado Cash wallets. One of the operators of Stablecoin blocked the movement of at least 75,000 USDC.

The largest MakerDao TVL Defi Protocol decided to renew the DAI stablecoin, getting rid of 3.5 billion USDCs. Ethereum co -founder Vitalik Buterin criticized the idea of ​​the platform.

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