Aave faced a major problem this weekend. Platform executives have confirmed that the TRM Labs API is behind the blocking of Ethereum wallets that had been “ dusted” with 0.1 ETH via Tornado Cash. However, everything seems to be going well and the crypto protocol has even more surprises in store…
Urgent and critical integration
The crypto sector is evolving and more and more protocols are looking to stand out. With this in mind, Aave has integrated the TRM Labs API to improve its performance. However, things did not go as planned. Some users had trouble logging into the Aave app.
This is because the TRM API risk settings target and block addresses that interacted with Tornado Cash contracts after the sanctions. Fortunately, Aave quickly took matters into their own hands and access was restored. Falsely reported wallets can now connect to the Aave front-end and are no longer part of the list of sanctioned addresses.
Although the TRM Labs API caused a lot of inconvenience, the protocol confirmed that its addition was urgent and critical. As a result, a choice had to be made that would protect users from risk.
Aave and its quest for innovation, an act to be saluted!
Many people wonder why Aave agreed to integrate the TRM Labs API into its IPFS interface knowing the risks. In a series of tweet, the official account of Aave, declares that its priority remains its users. As a result, the protocol’s primary mission is to create a safe and secure ecosystem for them.
The ban issued by Aave just prevented users from interacting with its IPFS-hosted web interface. Nevertheless, users of the protocol can continue their operations by forking to the front-end or logging in via CLI. Although this is far from ideal, users at least have access to their funds.
The speed with which Aave solved this problem once again shows the determination of the protocol to offer the best services. The Aave team said they continue to innovate. To do this, it invites the community to fight for fair and open finance. However, the sanction of falsely accused addresses could create inconvenience in the long term.
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