Ethereum developer, Virgil Griffith, in custody for allegedly teaching North Korea about crypto


  • Ethereum co-founder Vitalik Buterin has publicly backed Griffith through a series of tweets.
  • Griffith’s lawyer Brian Klein tweeted that the charges will be tested in court this Monday.

Ethereum developer, Virgil Griffith, was arrested for allegedly assisting North Korea by educating them about cryptocurrencies. Griffith’s lawyer Brian Klein tweeted that the charges will be tested in court. 

I now represent Virgil Griffith and am very pleased that today the judge found that he should be released from jail pending trial. We dispute the untested allegations in the criminal complaint, and Virgil looks forward to his day in court, when the full story can come out.

According to the complaint, Griffith had requested permission to travel to North Korea to give a presentation titled “Blockchain and Peace," which wasn't granted. This Monday, a preliminary court hearing will determine if the US Department of Justice had enough evidence for probable cause or not. Griffith was arrested on following grounds:

Violating the International Emergency Economic Powers Act (IEEPA) by traveling to the Democratic People’s Republic of Korea (DPRK or North Korea) in order (to) deliver a presentation and technical advice on using cryptocurrency and blockchain technology to evade sanctions.

If found guilty, Griffith would be jailed for 20 years. However, a lot of people from the cryptocurrency community have supported Griffith. Many believe that the visit was inoffensive and it did not include any particularly inaccessible information.

Ethereum co-founder Vitalik Buterin has publicly backed Griffith while stating that Ethereum did not fund Griffith’s participation at the North Korean event. Buterin tweeted:

I don't think what Virgil did gave DRPK(sic) any kind of real help in doing anything bad. He *delivered a presentation based on publicly available info about open-source software*. There was no weird hackery "advanced tutoring".


 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

The IRS makes it hard to pretend you don’t have Bitcoin

The cryptocurrency holders might have a hard time trying to hide their Bitcoins or other digital assets.  The Internal Revenue Service considers changing the standard 1040 form by including a bold question on the front page:

More Cryptocurrencies News

NEO faces downward pressure as investors prepare to “sell the news”

Flamingo Finance is a full-stack DeFi protocol built on NEO. Binance has recently announced a new Launchpool that included FLM tokens, set to launch on September 27. 

More NEO News

US-based cryptocurrency exchange Gemini is breaking bad with DeFi

The US-based cryptocurrency exchange Gemini goes all in DeFi mania. On Friday, the Winklevoss twins' trading platform announced the support for a bunch of DeFi tokens.

More Cryptocurrencies News

ADA bulls return ready for revenge

The ADA/BTC trading pair is finally singing to the tune of the bullish trends we have recently discussed. Buy signals have been validated and it is upon as to explore how far the breakout will go.

More Cardano News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC crystal ball gives bulls a faint flicker of hope

Bitcoin staged a healthy recovery this week. The pioneer digital currency price took off from the support area of $10,000 and touched the next psychological line of $11,000.

Read the weekly forecast

BTC

ETH

XRP