Remember when Uniswap founder’s bank account was shut down by JP Morgan Chase without explanation and how he complained on Twitter? Well, how the turntables… Now Uniswap is blocking all addresses linked to Tornado Cash.
>Obligatory apologies for the incoming grammar mistakes you may find while scrolling down this post, English is not my first language. Thanks!
The first event happened in Jan 23, 2022 when Hayden Adams, CEO and founder of the popular decentralized exchange, or DEX, Uniswap (UNI), claimed that his JP Morgan Chase bank accounts were shut down with no explanation. In addition, Adams stated that the incident was personal in nature as he knew "many individuals and companies who have been similarly targeted simply for working in the crypto industry."
> 🤡 This week @jpmorgan @Chase closed my bank accounts with no notice or explanation
> 🧑💻 I know many individuals and companies who have been similarly targeted simply for working in the crypto industry
> 🚀 Thanks for making it a personal
Here you can read more about this situation:
Ok, now the tables have turned. After the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned crypto mixer Tornado Cash, Uniswap is currently blocking all accounts that received payments from Tornado Cash.
Well-known ENS addresses have reportedly received 0.1 ETH from sanctioned addresses. In response, DeFi platforms including Uniswap, Aave, and Balancer have blocked accounts that received funds from Tornado Cash.