Sanctioned wallet addresses will not be able to access the Oasis DeFi platform app, reports Cointelegraph.
Soon, addresses marked as “high-risk” will be banned from using Oasis.app for position management and withdrawals.
“We needed to update the “Terms of Service” for the frontend to comply with applicable laws and regulations,” added the representative of the project.
At the moment, the platform has not specified what tools it uses to identify high-risk wallets. A developer under the pseudonym banteg suggested that Oasis after Uniswap turned to the services of TRM Labs.
It appears https://t.co/S7tb5tREIC, following Uniswap, has started sending all your data to TRM Labs. This is what happens when you connect with an address they don’t like. No way to close positions from the UI, no explanation or anything. pic.twitter.com/n2ocN8jQTq
— banteg (@bantg) August 11, 2022
According to the site, the protocol manages $3.42 billion worth of deposits, with transaction volume over the past 30 days totaling $4.6 billion.
Earlier, we reported that dYdX exchange user accounts were blocked due to Tornado Cash.
