DeFi platform Oasis to block wallet addresses deemed at-risk

It's not immediately clear if the enactment of Tornado Cash sanctions were related in Oasis' implementation of security checks.

According to a new community Discord post on Thursday, decentralized finance platform Oasis.app says that sanctioned addresses will no longer be able to access the application. As a result of the change to the terms of service, wallets flagged as high risk are prohibited from using Oasis.app to manage positions or withdraw funds. Instead, such category of users must interact directly with the relevant underlying protocol where funds are stored or find another service.

At the time of publication, it is not immediately clear which tools Oasis is using to identify wallets deemed to be high risk. Similar to Oasis, decentralized exchange Uniswap recently began to block wallets allegedly associated with illicit activities by using TRM Labs' data. TRM Labs helps entities detect and investigate crypto-related financial crime via on-chain analysis. Thus far, feedback regarding Oasis' new measure has been mostly negative. One Discord user, Eagles#2541, claims:.

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