{"id":33256,"date":"2022-08-12T02:24:18","date_gmt":"2022-08-12T06:24:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=33256"},"modified":"2022-08-12T02:24:22","modified_gmt":"2022-08-12T06:24:22","slug":"defi-platform-oasis-will-block-wallet-addresses-deemed-vulnerable","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/defi-platform-oasis-will-block-wallet-addresses-deemed-vulnerable\/","title":{"rendered":"DeFi platform Oasis will block wallet addresses deemed vulnerable"},"content":{"rendered":"\n
Users claim that when using apparently high-risk wallets to communicate with Oasis, their sessions were disconnected.<\/h5>\n\n\n\n
\"DeFi
DeFi platform Oasis will block wallet addresses deemed vulnerable<\/figcaption><\/figure>\n\n\n\n

Sanctioned addresses will no longer be able to use the decentralized finance platform Oasis app,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> according to a Discord post on Thursday. The modification to the terms of service prevents wallets marked as high risk from managing positions or withdrawing money using Oasis.app. Such users must either locate another service or deal directly with the necessary underlying protocol where monies are held.<\/p>\n\n\n\n

A member of the DeFi platform team named Gabriel explained the choice as follows:<\/p>\n\n\n\n

“We've recently needed to update the Terms of Service of the Oasis.app front-end to comply with the relevant laws and regulations. In line with the latest regulations, Oasis.app has an updated Terms of Service. Any sanctioned addresses will no longer be able to access Oasis.app functionality.”<\/p><\/blockquote>\n\n\n\n

In 2020, Oasis raised a $6 million Series A, cementing its position as a well-liked platform for DeFi borrowing<\/a> and lending. The protocol now oversees $3.42 billion in deposits and has processed $4.6 billion in transactions over the last 30 days.<\/p>\n\n\n\n

It is not immediately evident at the time of publication whatever tools the platform is utilizing to pinpoint wallets considered to be high risk. Using data from TRM Labs<\/a>, decentralized exchange Uniswap has just started to restrict wallets that are purportedly connected to illegal activity. TRM Labs uses on-chain analysis to assist organizations in identifying and looking into financial wrongdoing related to cryptocurrencies. Feedback on Oasis' new measure has largely been unfavorable thus far. According to Eagles#2541, a Discord user:<\/p>\n\n\n\n

“I'm actually just interacting with Oasis with an account that has had direct exposure to\u00a0Tornado Cash<\/a>. I can't reproduce the issue that others are getting, so it's probably just that the team is incompetent and has applied some very wide net with arbitrary holes in it.\u00a0<\/p><\/blockquote>\n\n\n\n

\n

It appears https:\/\/t.co\/S7tb5tREIC<\/use><\/svg><\/span><\/a>, 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<\/use><\/svg><\/span><\/a><\/p>— banteg (@bantg) August 11, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

Users claim that when using apparently high-risk wallets to communicate with Oasis, their sessions were disconnected. Sanctioned addresses will no longer be able to use the decentralized finance platform Oasis app, according to a Discord post on Thursday. The modification to the terms of service prevents wallets marked as high risk from managing positions or […]<\/p>\n","protected":false},"author":38,"featured_media":33261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[11085],"class_list":["post-33256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-oasis"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/oasis-network-rose-coin-is-up-20-today-1280x720-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=33256"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/33261"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=33256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=33256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=33256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}