"This class of tools designed for resisting government control doesn't work correctly after it has been sanctioned by a government" lol
My ETH Wallet is wrongly sanctioned
11–20 of 83 posts
Re: My ETH Wallet is wrongly sanctioned
#12Ignoring all the obvious jokes here about banking without regulations and throwing good money after bad, I'm interested in the technical aspect of such bans and had some trouble finding resources. The author says "blocked by DeFi protocols such as AAVE and Uniswap." What does this actually mean? I found Uniswap's FAQ on this ( https://help.uniswap.org/en/articles/6149816-address-screeni... ), but I'm not sure what it…
The website blocked his transaction but he was still able to make them go through by using direct calls
Re: My ETH Wallet is wrongly sanctioned
#13I have nothing positive to say about this article. I giggled a little at reading it... A dude with way more money than brains is mad that "decenteralized finance" is decenteralized and can do whatever they want? The guy then admits to losing a quarter of a million; you'd think that'd be enough of a penalty for him to realize that maybe he should take his remaining money out, but nope. Gee. Who could've imangined that…
Did you read the article? His transactions went through in the end, just not through the website
Re: My ETH Wallet is wrongly sanctioned
#14Ignoring all the obvious jokes here about banking without regulations and throwing good money after bad, I'm interested in the technical aspect of such bans and had some trouble finding resources. The author says "blocked by DeFi protocols such as AAVE and Uniswap." What does this actually mean? I found Uniswap's FAQ on this ( https://help.uniswap.org/en/articles/6149816-address-screeni... ), but I'm not sure what it…
It's the UI being blocked so far. My understanding is that they use APIs from companies like https://www.trmlabs.com/ to decide if a wallet is dirty but the algorithm right now is deeply flawed.
Re: My ETH Wallet is wrongly sanctioned
#15"This class of tools designed for resisting government control doesn't work correctly after it has been sanctioned by a government" lol
It seems like they do though if you read the whole article
Re: My ETH Wallet is wrongly sanctioned
#16I thought the De in DeFi was to avoid the possibility of being subject to an "authority". Hence the cute acronym.
The author of the article did avoid being (sort of) subject to government sanctions
Re: My ETH Wallet is wrongly sanctioned
#17I have nothing positive to say about this article. I giggled a little at reading it... A dude with way more money than brains is mad that "decenteralized finance" is decenteralized and can do whatever they want? The guy then admits to losing a quarter of a million; you'd think that'd be enough of a penalty for him to realize that maybe he should take his remaining money out, but nope. Gee. Who could've imangined that…
[deleted]
Re: My ETH Wallet is wrongly sanctioned
#18This is impossible. DeFi is secure, decentralized, and uncensorable. You can't be sanctioned in DeFi! /s obviously
It looks like it is
> Interestingly, in the end I was able to withdraw all my funds from AAVE through direct contract calls as illustrated above. So basically the web UI is blocked but people can still use AAVE by sending transactions to the blockchains directly.
Re: My ETH Wallet is wrongly sanctioned
#19Crypto people want to "be their own bank" without the consequences of being their own bank.
It looks like they can be > Interestingly, in the end I was able to withdraw all my funds from AAVE through direct contract calls as illustrated above. So basically the web UI is blocked but people can still use AAVE by sending transactions to the blockchains directly. The only thing that was censoring his transactions was the website, which is centralized by design.
Basically, the "sanction preventions" Aave is instituting are for show only, in hopes they fool the regulators. They'll annoy and disturb the casual crypto trader but will do nothing to stop the big criminals from money laundering. I hope the developers of these defi lending protocols get hit with the criminal charges next.
Re: My ETH Wallet is wrongly sanctioned
#20> Interestingly, in the end I was able to withdraw all my funds from AAVE through direct contract calls as illustrated above
Will this just result in the next wallet being tainted, and so on? I guess maybe you can try to cash out the crypto before whoever you're selling to catches on?