Virgil Griffith released on bail until trial.

Etehreum Foundation researcher Virgil Griffith has been released on bail until the trial begins. Virgil was arrested for allegedly helping North Korea evade US sanctions by giving a lecture on blockchain and cryptocurrencies.

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Virgil Griffith was arrested last month for allegedly helping North Korea evade US sanctions. The US Attorney for the Southern District of New York has alleged that Virgil Griffith provided highly technical information to North Korea that could help the Korean dictator launder money and evade sanctions. 

 

Virgil Griffith released on $1 million bond

Virgil Griffith was released on 31st December on a $1 million bond. His bail was denied on 26th December. According to the reports, Judge Vernon S. Broderick of the US District Court of the Southern District of New York, in addition to a $1 million bond, Virgil was ordered to stay with his parents for moral suasion. Virgil’s family offered up their house as collateral for the bond. 

 

Vitalik Buterin refuses to throw Virgil under the bus.

Ethereum founder Vitalik Buterin earlier had tweeted in support of Virgil Griffith and asked for his release. He also mentioned that Virgil’s visit to North Korea was a personal trip and had nothing to do with Ethereum. Virgil was counseled against his visit to North Korea. The Crypto community also raised voice in support of Virgil as he was not involved in any crime. It is also claimed that Virgil only provided publicly available information, and he should not have been arrested.

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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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