Two Europeans have been accused of teaching North Koreans how to avoid sanctions using cryptocurrencies.
United States prosecutors have slammed charges against two Europeans for allegedly conspiring with recently sentenced Ethereum developer Virgil Griffith to help North Korea evade US sanctions with cryptocurrency and blockchain technology.press release
on Monday , 47-year-old Spanish citizen Alejandro Cao de Benos and a 30-year-old British citizen, Christopher Emms, founded the Korean Friendship Association back in 2018. Later, they organized a Pyongyang Blockchain and Cryptocurrency Conference in the Democratic People’s Republic of Korea , also known as North Korea.
Both Cao de Benos and Emms recruited Griffith, a U.S. citizen, to speak at the cryptocurrency conference in April 2019. The prosecutors also said Emms assured Griffith that his passport will not be stamped to avoid alerting U.S. authorities about his travel to the DPRK. Furthermore, the British suspect “obtained a rare full permission” from North Korea to enable the Ethereum developer to enter the country for the conference. The indictment also alleged that Emms and Griffith taught their North Korean audience ways how to use crypto to circumvent sanctions imposed by the United States.“conspiring to violate and evade US sanctions”
in contravention of the International Emergency Economic Powers Act . Such a charge comes with a maximum prison sentence of 20 years.While Cao de Benos and Emms remain at large, Griffith, who was initially arrested by U.S. authorities in 2019 after returning from North Korea, was recentlyMeanwhile, Griffith’s guilty plea caused a reduction in his prison sentence from the maximum of 20 years.
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