Ethereum developer Virgil Griffith was sentenced to five years and three months in a US prison after pleading guilty to a statement caused by a statement at a cryptocurrency conference in North Korea. According to the US Department of Justice (DOJ), his presentation provided the Kim Jong-un administration with “technical advice on the use of cryptocurrencies and blockchain technology to circumvent sanctions.”
Ethereum developer Virgil Griffith goes to jail for violating North Korean sanctions
Ethereum developer Virgil Griffith was sentenced to 63 months in prison by US District Judge P. Kevin Castel in Manhattan on Tuesday.
Griffith Appealed Last September, he was found guilty of one conspiracy that violated the International Emergency Economic Powers Act (IEEPA). The prosecution can be imprisoned for up to 20 years. However, in the judicial transaction, the prosecutor agreed to seek within six and a half years.
The Ethereum developer was arrested in Los Angeles in November 2019. He violated IEEPA “by traveling to the Democratic People s Republic of Korea (North Korea or North Korea) to provide presentations and technical advice on the use of cryptocurrencies and blockchain technology to circumvent sanctions.” I have been charged with the crime.
Cryptographic enthusiasts have been detained in federal prisons since July last year after the second arrest by Judge Castel, who revoked his bail. According to a federal judge, the surge in the value of his crypto holdings has given him the means and motivation to escape.He is reportedly arrested the following time Login His Coinbase account.
Inner City Press quoted Judge Castel on Tuesday: “Some say Mr Griffith is being persecuted for promoting cryptography, but that’s not the purpose of this case. He was guilty the day before the trial. This was a deliberate breach of sanctions aimed at avoiding military conflict. “The judge concluded:
Virgil Griffith has no ideology. As long as he is in the center, he will play on both sides. I sentenced him to 63 months in prison and a $ 100,000 fine.
“US vs. Virgil Griffith” proceedings
DOJ explained that the incident occurred after Griffith visited North Korea to attend the “Pyongyang Blockchain and Cryptocurrency Conference” or the “North Korea Cryptocurrency Conference” in April 2019. Details of court documents:
Cryptocurrency of the Democratic People’s Republic of Korea, knowing that the US State Department has denied permission to travel to the Democratic People’s Republic of Korea to Griffith, but knowing that Griffith has violated sanctions against the Democratic People’s Republic of Korea. I attended the meeting.
DOJ said Griffith, a U.S. citizen living in Singapore, has never obtained a permit from the Office of Foreign Assets Control (OFAC) of the U.S. Treasury to “provide goods, services, or technology to DPRK.” ..
The Justice Department added at the meeting that “North Korea discussed how to use blockchain and cryptocurrency technology to avoid money laundering and sanctions.” There were about 100 other participants.
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