Uniswap DEX has announced that it is blocking wallets that have been connected to illicit activities, including hacks and theft.
The exchange is likely cleaning its slate, seeing as it has been previously accused of pump-and-dump schemes, among other misdeeds.
Ethereum-based decentralized exchange (DEX) Uniswap (UNI) is preparing to block certain user wallets on its platform. The said wallets are associated with several illegal activities listed by Uniswap on its official website:
We intend to only block wallets that are owned or associated with clearly illegal behavior like: sanctions, terrorism financing, hacked or stolen funds, ransomware, human trafficking, and child sexual abuse material (CSAM).
Uniswap is blocking these wallets
Uniswap states that it is conducting the operation alongside TRM Labs, which is providing blockchain intelligence. TRM Labs is a digital asset compliance & risk management firm.
Already, a number of users have noted that their wallets are blocked. U
