Decentralized derivatives exchange dYdX said it has no plans to take any steps to block all users with Russian IP addresses. Reported by The Block.

According to the terms of the platform, its services are not available to customers from Iran, Syria, North Korea, Cuba, Myanmar, Donetsk, Lugansk and Crimea.

Russia is not specifically mentioned, but the document states that the restrictions apply to other jurisdictions that appear on the US sanctions list.

The platform also warns residents of lower sanctioned jurisdictions against using a VPN to bypass restrictions.

“We do not allow the US or sanctioned persons to transact on dYdX. Users always have the possibility to withdraw funds from the protocol” – Wrote Platform representatives on Twitter.

dYdX is a hybrid exchange, the server side of its smart contracts is centralized. Therefore, traders who do not have access to the application interface cannot bypass the restrictions.

Rumors of a tightening of the DEX policy towards Russians surfaced later. chirp the developer is banteg under the alias yEarn Finance. He posted a screenshot with a blocking warning and wrote that “another platform is a thing of the past”.

Recall that recently Uniswap Labs announced the blocking of addresses associated with illegal activities.

Earlier, Ethereum mixer Tornado Cash began blocking addresses that fall under the sanctions of the US Treasury Department’s Office of Foreign Assets Control.

In March, work with users from the Russian Federation was stopped by the DEX aggregator Matcha.