Virgil Griffith arrested for allegedly helping North Korea evade sanctions.

The US authorities arrested Ethereum Foundation member Virgil Griffith for allegedly helping North Korea escape sanctions via cryptocurrencies. It has been alleged that Griffith traveled to North Korea and gave a presentation about the use of blockchain technology and cryptocurrencies.

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The office of the US Attorney for the Southern District of New York and the FBI announced that it had arrested Virgil Griffith, a well-known cryptocurrency expert for allegedly helping North Korea evade US sanctions.

 

Griffith provided highly technical information to North Korea.

The US Attorney for the Southern District of New York has alleged that Virgil Griffith provided highly technical information to North Korea, information that could help Kim Jong-Un regime to launder money and evade sanctions. The US Attorney Geoffrey S. Berman said that Griffith jeopardized the sanctions that both Congress and the president have enacted to place maximum pressure on North Korea.

Virgil Griffith has been charged with conspiring to violate the International Emergency Economic Powers Act, and if convicted, could face 20 years prison sentence.

 

Crypto Community shows support for Griffith.

Since the arrest, many from the crypto community have voiced their opinion in support of Virgil Griffith. John McAfee tweeted that “See what our Government has become – a government corrupt at the core, declaring publicly available information a national secret.”

Virgil Griffith is credited for developing Tor2Web, a software that allows Tor hidden services to be accessed from a standard browser, and he also founded WikiScanner. New York Times described him as a cult-hacker.

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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