Ethereum dev Virgil Griffith has been sentenced to more than 5 years in prison after speaking at a crypto conference in North Korea. cryptocurrency $ETH
According to the U.S. Department of Justice , his presentation provided the Kim Jong Un regime with “technical advice on using cryptocurrency and blockchain technology to evade sanctions.”Virgil Griffith, an Ethereum developer, was sentenced to 63 months in prison Tuesday by U.S. District Judge P. Kevin Castel in Manhattan.guilty in September last year to one count of conspiracy to violate the International Emergency Economic Powers Act . The charge carries a maximum term of 20 years in prison.
The crypto enthusiast has been in federal custody since July last year following his second arrest when Judge Castel revoked his bail. According to the federal judge, a surge in the value of his cryptocurrency holdings gave him the means and incentive to flee. He was reportedly arrested whenInner City Press quoted Judge Castel as saying Tuesday: “Some says Mr. Griffith is being persecuted for promoting crypto. But that’s not what this case is about. He pled guilty the day before trial.
Despite that the U.S. Department of State had denied Griffith permission to travel to the DPRK, Griffith presented at the DPRK Cryptocurrency Conference, knowing that doing so violated sanctions against the DPRK.
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