Virgil Griffith, US crypto guru who aided North Korea, sentenced to 5 years



News Virgil Griffith, US crypto guru who aided North Korea, sentenced to 5 years Judge chides Griffith as a wannabe ‘crypto hero’ whose actions seriously undercut US sanctions against North Korea Ethan Jewell April 13, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Virgil Griffith in Berlin, Jan. 6, 2019 \| Image: Virgil Griffith's Facebook profile An American cryptocurrency researcher was sentenced to 63 months in prison and fined $100,000 for helping North Korea evade sanctions, a federal judge ruled on Tuesday, marking the latest courtroom victory for U.S. sanctions against Pyongyang. Virgil Griffith, who formerly headed up the Ethereum Foundation, attended a cryptocurrency conference in Pyongyang in April 2019. Organizers for the event explicitly asked Griffith to stress the “potential money laundering and sanction evasion applications” of cryptocurrency and blockchain technology, according to government prosecutors. An American cryptocurrency researcher was sentenced to 63 months in prison and fined $100,000 for helping North Korea evade sanctions, a federal judge ruled on Tuesday, marking the latest courtroom victory for U.S. sanctions against Pyongyang. Virgil Griffith, who formerly headed up the Ethereum Foundation, attended a cryptocurrency conference in Pyongyang in April 2019. Organizers for the event explicitly asked Griffith to stress the “potential money laundering and sanction evasion applications” of cryptocurrency and blockchain technology, according to government prosecutors. Become a member for less than $5.75 per week. Unlimited access to all of NK News: reporting, investigations, analysis The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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Virgil Griffith, US crypto guru who aided North Korea, sentenced to 5 years

Judge chides Griffith as a wannabe ‘crypto hero’ whose actions seriously undercut US sanctions against North Korea

Ethan Jewell April 13, 2022

Virgil Griffith, US crypto guru who aided North Korea, sentenced to 5 years

Virgil Griffith in Berlin, Jan. 6, 2019 | Image: Virgil Griffith's Facebook profile

An American cryptocurrency researcher was sentenced to 63 months in prison and fined $100,000 for helping North Korea evade sanctions, a federal judge ruled on Tuesday, marking the latest courtroom victory for U.S. sanctions against Pyongyang.

Virgil Griffith, who formerly headed up the Ethereum Foundation, attended a cryptocurrency conference in Pyongyang in April 2019. Organizers for the event explicitly asked Griffith to stress the “potential money laundering and sanction evasion applications” of cryptocurrency and blockchain technology, according to government prosecutors.