Part of the blame goes to etherscan for trying to be a gatekeeper. In 2016 it used to just be a transaction explorer, now it,s trying to determine what is legal or not.
My ETH Wallet is wrongly sanctioned
21–30 of 83 posts
Re: My ETH Wallet is wrongly sanctioned
#22Ignoring 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
Hopefully some zealous prosecutor doesn't see his actions as defying sanctions.
Re: My ETH Wallet is wrongly sanctioned
#23I 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…
This reads entitled and aggressive.
There are lots of people with a lot of money in the old banking system who are not tech savvy. They are routinely defrauded and affected by 3rd party fraud. Still, it doesn't warrant labeling them as "having more money than brains".
In the case of the article, this is someone who had some money in a centralized exchange (AAVE) which was hacked by a bad actor, and then the breadcrumbs were traced to the sanctioned TornadoCash accounts.
Victim shaming is wrong.
Re: My ETH Wallet is wrongly sanctioned
#24Monero
Re: My ETH Wallet is wrongly sanctioned
#25Earlier quoted context omitted.
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.
Do you also believe artists should be punished if their works of art are used to launder money?
Re: My ETH Wallet is wrongly sanctioned
#26I 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…
at the rate crypto is falling he will not have so much money for long.
Re: My ETH Wallet is wrongly sanctioned
#27I 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…
This reads entitled and aggressive. There are lots of people with a lot of money in the old banking system who are not tech savvy. They are routinely defrauded and affected by 3rd party fraud. Still, it doesn't warrant labeling them as "having more money than brains". In the case of the article, this is someone who had some money in a centralized exchange (AAVE) which was hacked by a bad actor, and then the breadcrum…
Anyone who put money into an obvious scam isn't a victim.
Re: My ETH Wallet is wrongly sanctioned
#28Earlier quoted context omitted.
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.
Do you also believe artists should be punished if their works of art are used to launder money?
When the "artists" have been openly and shamelessly stating, since around 2009, that the entire purpose of their "art" is to aid in laundering money and other crimes? Yes, absolutely.
Re: My ETH Wallet is wrongly sanctioned
#29> 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?
I did do a swap using 1inch afterwards and it works OK.Ultimately I want to be removed from the sanction list because I did nothing wrong.
Re: My ETH Wallet is wrongly sanctioned
#30Earlier quoted context omitted.
Do you also believe artists should be punished if their works of art are used to launder money?
When the "artists" have been openly and shamelessly stating, since around 2009, that the entire purpose of their "art" is to aid in laundering money and other crimes? Yes, absolutely.
Did the AAVE developers say that?