Virgil Griffith, who was recently indicted for “conspiracy to violate the International Emergency Economic Powers Act,” has been released on bail. Virgil was arrested in November for illegally traveling to North Korea and giving a presentation on blockchain and cryptocurrency.
Virgil Griffith was granted bail after his family secured a $1 million bond.
Virgil’s first request to grant bail was denied, but then later, it was accepted on a condition that his family puts up a $1 million bond. Virgil was granted bail on December 30th, but he remained in prison for ten more days before stepping out in the real world. According to the Inner City Press report, Griffith’s bail was delayed without any explanation.
“Virgil should not have been indicted.”
Virgil Griffith’s lawyer told CoinDesk that Virgil should not have been indicted, and they are going to vigorously contest the charge and look forward to getting all the facts in front of the jury at trial. If found guilty, Virgil could face up 20 years of prison time. The crypto community has shown its support for Virgil. Ethereum founder Vitalik Buterin, who revealed that Virgil was counseled against his trip to North Korea, has shown his support for Virgil.