Sanctioned wallets will not be able to access the Oasis DeFi platform application at initial stageAccording to Cointelegraph.

As a result of the change to the Terms of Service, addresses marked as high risk by the platform will be prohibited from using Oasis.app to manage positions and withdraw funds.

“We had to update the Front-End Terms of Service recently to comply with applicable laws and regulations. […] Any sanctioned address will no longer be able to access the functions of Oasis.app,” the project representative said.

The platform did not disclose what tools it uses to identify high-risk wallets. The developer, under the pseudonym Banteg, suggested that after Uniswap, Oasis turned to TRM Labs services.

According to the site, the protocol manages $3.42 billion in deposits, and the trading volume over the past 30 days is $4.6 billion.

Recall, on August 8, the US Treasury imposed sanctions on the mixer Tornado Cash for laundering $ 7 billion, including funds associated with the North Korean hacker group Lazarus Group.

This caused a tightening wave in the industry. Decentralized derivatives exchange dYdX has started blocking accounts of users who have previously interacted with the mixing service.

Circle has blacklisted the USDC addresses of 38 Tornado Cash wallets. One of the stablecoin operators blocked the movement of at least 75,000 USDC.

The biggest TVL DeFi protocol MakerDAO has decided to rebalance the DAI stablecoin supply by getting rid of 3.5 billion USDC. Ethereum co-founder Vitalik Buterin has been critical of the platform idea.

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