Ethereum Dev Virgil Griffith Pleads Guilty on North Korea Sanctions Charge
Ethereum developer Virgil Griffith has today pleaded guilty to one charge of conspiracy in an agreement with federal prosecutors. His trial was to begin today in New York. Griffith was arrested in November 2019 after tra...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Ethereum developer Virgil Griffith has today pleaded guilty to one charge of conspiracy in an agreement with federal prosecutors. His trial was to begin today in New York.
Griffith was arrested in November 2019 after traveling to the North Korean capital Pyongyang and giving a talk at a blockchain conference there. Facing a maximum sentence of 20 years in prison over conspiracy to violate the Emergency Economy Powers Act, Griffith reportedly took a plea deal that would see him face a maximum of six and a half years in prison.
The U.S. Attorney’s Office for the Southern District of New York argued that Griffith violated the International Emergency Economic Powers Act that prohibits exporting goods, services, or technology to North Korea.
In a statement, U.S. Attorney Geoffrey S. Berman later alleged that Griffith “provided highly technical information to North Korea, knowing that this information could be used to help North Korea launder money and evade sanctions.”
“Griffith jeopardized the sanctions that both Congress and the president have enacted to place maximum pressure on North Korea’s dangerous regime,” Berman explained.
Apart from giving “valuable information” to the North Korean audience, Griffith also entered the country in April 2019 without approval from the U.S.—despite being warned about traveling to the country, the criminal complaint also alleged.
Virgil Griffith's trial starts today. The government wants to put him in prison for the alleged crime of speaking freely to the wrong audience.
Trials like this are where the law is made, where we find out how strong our civil rights really are. I stand with Virgil.#FreeVirgil
— Jake Chervinsky (@jchervinsky) September 27, 2021
In their turn, Griffith’s lawyers previously argued that the information he provided does not qualify as “service” and can be easily obtained by anyone on the internet, therefore his speech was protected by the First Amendment.
Since Griffith’s arrest, the crypto community has seemingly split on the subject, with some arguing that his actions were ill-advised. Nonetheless, Ethereum co-founder Vitalik Buterin was among those who voiced their support for Griffith in 2019.
I refuse to take the convenient path of throwing Virgil under the bus, because I firmly believe that that would be wrong. I'm signing. Reasoning below.https://t.co/E44p5caeJO
— vitalik.eth (@VitalikButerin) December 1, 2019
“I refuse to take the convenient path of throwing Virgil under the bus, because I firmly believe that that would be wrong,” Buterin tweeted at the time.
Meanwhile, a petition to release Griffith from prison, published two years ago, has garnered only 516 signatures so far.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Laura Shin interviews North Korean crypto hacker Justin Lim undercover
The exposure of North Korean crypto infiltration highlights the urgent need for rigorous identity verification in remote hiring to...
Ethereum wants to hide your trades from bots before they can attack
Ethereum developers are weighing a new defense against predatory trading bots that exploit pending transactions before they reach...
GnosisDAO Approves Gnosis Chain Shift Toward Ethereum Rollup Model
GnosisDAO has approved GIP-153, giving Gnosis Chain a governance mandate to move toward becoming a ZK-proven Ethereum rollup rathe...
SEC’s $75M Reg Crypto Plan Could Ignite Token Fundraising on Ethereum, Solana, BNB
Key Takeaways: Regulatory agencies proposed Reg Crypto for clearer guidelines on token fundraising. Grayscale believes there is up...
Bitcoin Hits $70,000 as Trump Pushes CLARITY Act, Hyperliquid Surges and $1.4 Billion in Shorts Get Wiped Out
By late trading, Bitcoin was changing hands around $69,200, up approximately 7% over 24 hours after starting the session near $64,...
X Suspends Major Crypto Accounts Over Alleged $250K Content Scheme
The social media platform X wiped out a cluster of high-volume bitcoin and crypto-related accounts after an alleged operation span...