Lots of people who became paper rich are going to go the other direction just as fast.
You won't find much on the technical implementation, because the sector as a rule keeps the implementation details generally under wraps. The intent is clear however. Lock as much of their financial resources in a sanctioned account as possible.
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?
How do you know that you did not transact with a sanctioned entity? (and by proxy did do something wrong)
> 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.
/s obviously
> 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.
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 there's logical reasons for most financial regulations?
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.
