News Tech: The top decentralised cryptocurrency exchange, Uniswap, has blacklisted crypto addresses linked to hacks in DeFi. One of the few actions the exchange has made as part of its partnership with the blockchain analytics company TRM Labs is blacklisting wallets.
Block addresses are linked to Tornado Cash, stolen money, and other mixing services. Tornado Cash was recently sanctioned by the US Treasury due to national security concerns. Tornado Cash has previously been connected to a number of hacks in the DeFi ecosystem.
Uniswap, a decentralised exchange, has blacklisted 253 cryptocurrency addresses in the four months since it joined forces with TRM Labs, a blockchain analytics company. This is the first time Uniswap has blocked user wallets on its platform and made them public.
According to charts posted on GitHub, TRM Labs examined the addresses connected to seven different types of criminal conduct. The four main categories are: monies from known scams, payments from sanctioned addresses, funds from a transaction mixer, and funds that were stolen. The remaining categories include, among others, funds used to finance terrorism and funds from well-known hacker groups.
Leading cryptocurrency analyst and trader Cheds has highlighted $8 as a crucial level for the price of UNI. The asset is anticipated to soar higher and exit its slump if bulls drive the price of UNI to $8.
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