Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions

BlockchainVirgil Griffith Sentenced to 5-Year Jail for Helping Individuals...


The strong hands of the law have been stretched to Virgil Griffith, an American national and one of the Ethereum core programmers, who is sentenced to 63 months in jail by U.S. District Judge P. Kevin Castel for allegedly helping individuals in the Democratic People’s Republic of Korea (North Korea) evade the US imposed sanctions.

The relations between North Korea and the United States remain intense as North Korea is reportedly still active with its nuclear program, which is still under sanctions by the United Nations. Based on this, the U.S. government enacted the International Emergency Economic Powers Act (IEEPA) to prevent U.S. entities from doing business or selling technologies that can aid North Korea’s threats.

Despite knowing this, the Department of Justice (DoJ) said in its announcement that Griffith and his co-conspirators have developed and managed technologies that can help North Korean individuals mine crypto and eventually evade sanctions. The DoJ revealed that against the approval of relevant authorities, Griffith not just travelled to North Korea by offering services directly to the country, but he also had sought to recruit other American citizens to do the same.

“There is no question North Korea poses a national security threat to our nation, and the regime has shown time and again it will stop at nothing to ignore our laws for its own benefit. Mr. Griffith admitted in court he took actions to evade sanctions, which are in place to prevent the DPRK from building a nuclear weapon. Justice has been served with the sentence handed down today,” said U.S. Attorney Damian Williams.

Griffith, 39, pled guilty to the charges levied against him, and following his sentence, he will be placed on 3 years of supervised release atop a $100,000 fine. The DoJ is known to be proactive when it comes to high-profile fraudulent cases featuring crypto-linked entities. One of the crackdowns launched by the DoJ in recent years involves former BitMEX co-founder and CEO, Arthur Hayes, who promptly resigned from the role following the criminal charges levied against him and other executives of the trading firm.

Image source: Shutterstock



Learn more

Latest news

Charles Hoskinson Says It’s “Crime” for Ethereum Community to Discuss Cardano

Alex Dovbnya Input Output's Charles Hoskinson started another heated debate with Ethereum community on Twitter Input Output CEO Charles Hoskinson...

LUNC Price Skyrockets 25% in 5 Minutes as Binance Announces Major Update on Burning

Gamza Khanzadaev Major crypto exchange provides incredible update on burning mechanism of LUNC As we have just learned, Binance, one of...

Twitter whistleblower has likely sparked FTC probe: experts

Whistleblower Peiter “Mudge” Zatko’s explosive accusations about security concerns at Twitter are almost certain to have sparked a...

FTX Wins Bid to Buy Voyager Digital's Assets

FTX US's bid is valued at approximately $1.422 billion, according to a Voyager press release late Monday Eastern...

IOTA to Feature New Token as Price Spikes with 900% Volume Inflow

The IOTA (MIOTA) price is seeing modest gains against the backdrop of the other crypto assets, which are recording...

Must read

Charles Hoskinson Says It’s “Crime” for Ethereum Community to Discuss Cardano

Alex Dovbnya Input Output's Charles Hoskinson started another heated...

LUNC Price Skyrockets 25% in 5 Minutes as Binance Announces Major Update on Burning

Gamza Khanzadaev Major crypto exchange provides incredible update on...

Twitter whistleblower has likely sparked FTC probe: experts

Whistleblower Peiter “Mudge” Zatko’s explosive accusations about security...

You might also likeRELATED
Recommended to you