Uniswap legal & privacy - sharing addresses with TRM labs for analysis

[libert19]

Didn't think crypto addresses were that valuable, guess I was wrong.

Uniswap one of the biggest dex on ethereum, is sharing interacted addresses with TRM labs - monitoring firm.



Check it yourself: https://app.uniswap.org/#/swap >> three dots >> legal & privacy

Good? Bad? you decide

Read more: https://thedefiant.io/uniswap-blockchain-intelligence-wallet-sharing/

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[Bttzed03]

I have the same reaction with this comment:

Why is this even needed? Just look at the on-chain addresses that interacted w/ the Router,

and I'm also as curious as this poster:

What do they do with the info? do they act on it? do they track it? also what fits the criteria of ‘compliance’

Many people are still using Uniswap despite the high transaction fees because Ethereum (where Uniswap is built) is still the most decentralized and secure blockchain (next to Bitcoin). They will lose those users if they start blocking accounts/addresses that are suspected non-compliant.

[Bitcoin_Arena]

Good? Bad? you decide

Obviously bad Idea. Uniswap is getting worse each passing day.

Many people are still using Uniswap despite the high transaction fees because it's still the most decentralized and secure blockchain (next to Bitcoin). They will lose those users if they start blocking accounts/addresses that are suspected non-compliant.

Since when did Uniswap become a blockchain of its own? Lol

Uniswap is just an exchange. A pseudo "decentralized" exchange running on smart contracts

[libert19]

Many people are still using Uniswap despite the high transaction fees because it's still the most decentralized and secure blockchain (next to Bitcoin). They will lose those users if they start blocking accounts/addresses that are suspected non-compliant.

I guess they can't block, people can just use different interfaces, perks of being based on smart contracts.

[Bttzed03]

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Since when did Uniswap become a blockchain of its own? Lol

My bad, it got mixed up in my head Ethereum ( is what I had in mind while typing that.

~
I guess they can't block, people can just use different interfaces, perks of being based on smart contracts.

You never know. They already blocked some tokens traded on their decentralized exchange. It will be like a game of cat and mouse with suspected scammers/launderers/fraudster but what's clear is that the devs can mess up the code.