Uniswap Labs Blocks Crypto Wallet Addresses Found Engaging In Illegal Behavior From App Front-ends

Uniswap Labs, the main developer of the decentralized exchange protocol Uniswap, has begun blocking cryptocurrency wallet addresses found to engage in illegal activities from the front-end of the app.

Uniswap Labs hascooperatewith blockchain analytics firm TRM Labs for this initiative, according to the “FAQ” section of the website updated this week.

TRM Labs SetstatusA cryptocurrency wallet for Uniswap that is likely linked to illegal behavior such as sanctions, terrorism financing, hacked or stolen funds, ransomware, human trafficking, and Child sexual abuse content

It is unclear how many wallet addresses Uniswap blocks. Dob only said “Our policy is to prevent people involved in illegal behavior from using our app.”

“We remain committed to developing products in a way that provides a safe, transparent and efficient financial infrastructure. which can empower users around the world,” the company added.

“Please note that decisions made by TRM Labs or ours will not be reported to law enforcement,” the statement added.

refer : LINK
picture LINK

The post Uniswap Labs blocks crypto wallet addresses found to engage in illegal behavior from the app’s front-end, appearing first on Bitcoin Addict.

source site