Aave Stops Wallets Getting 0.1E from Anonymous Tornado Cash Address
The decentralized exchange “Uniswap” as well as the crypto lending firm “Aave” are stopping the wallet addresses that have got funds in 0.1E from some anonymous Tornado Cash address. The person targeting these wallets appears to be someone expressing his protest against the sanctions connected by the authorities in the United States. Catcoin News had already reported that Aave is blocking accounts.
Recently, a gradual decrease has been witnessed in the process of Uniswap and up to 3.99% has taken place in just the last 24 hours. While in the last week, the decrease was near 2.0%. However, the general volume of the token has jumped by approximately 16.0% during the previous week, displaying a decrease of 0.36%. In this way, the circulating supply of the coin has reached 456.49M.
Uniswap and Aave Risk Banning Wallets Amid Market Downturn
Nevertheless, the latest imposed sanctions on Tornado Cash have been the main driving force compelling Uniswap, Aave, as well as other decentralized technology-based platforms to take severe actions in response. As per the reports, after the implementation of the sanctions, an anonymous address on Tornado Cash determined to confront the decision of the authorities and targeted many wallet addresses of the prominent personalities. They send 0.1ETH considering that they will be alleged of having some participation in the criminal activities.
As a consequence of that, the respective wallets – especially on Uniswap and Aave – experienced a blockage from the respective companies. The affected individuals have voiced their concerns on the social media giant Twitter, noting that they did not know the person sending those funds and that they do not have any part in activities involving Tornado Cash.
Growing Number of DeFi Venues Ban Crypto Assets Undergoing Mixing Services
The crypto lending company Aave, which has also restricted the wallets getting 0.1ETH for the unknown addresses on Tornado Cash, has recently leveraged the market recovery with a year-on-year upsurge of up to 8.5%. Furthermore, the speculations highlight that if it stays above the resistance level of $118, there are probabilities for it to retrace $44 or $75 assist.
The sanctions on the crypto mixer Tornado Cash has put an extreme impact on the overall progress of the stablecoin sector. FRAX, DAI, USDC, as well as other such tokens’ decentralized nature has been pushed into a danger zone by this development. Apart from that, a lot of firms have prohibited the funds from going through any crypto mixer service.
