By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
  • Global
  • Japan
  • South Asia
  • Partners
  • Community
HOME > News > CRYPTOPEDIA > ETHEREUM NEWS > Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case
ETHEREUM NEWSNews

Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

NFT Studio 24
Posted NFT Studio 24 September 28, 2021 299 Views 3 Min Read
Updated 2022/04/27 at 8:52 PM
Virgil Griffith
SHARE

Griffith was charged with violating sanctions law by giving a cryptocurrency and blockchain presentation at a North Korean conference in 2019.

Virgil Griffith, the Ethereum developer charged with violating U.S. sanctions law, has pleaded guilty in an agreement with federal prosecutors.

Griffith pleaded guilty to one charge of conspiracy to violate the International Emergency Economic Powers Act on Monday in a New York courthouse. The plea deal could see him serve between 63 and 78 months in prison. He will be sentenced in January 2022.

The developer was arrested in November 2019 after giving a presentation on cryptocurrency and blockchain at a North Korean cryptocurrency conference in April that year.0 seconds of 2 minutes, the 26-second volume of 90%.

He also agreed to a forfeiture clause, though details were not released at press time. A 2019 charging document calls for the forfeiture of any proceeds Griffith earned from giving the presentation.

While Griffith was originally released on bail in 2020, he is currently in jail on allegations of trying to violate his bail conditions. Griffith tried to access his Coinbase holdings to pay his attorneys earlier this summer, which prosecutors said violated the terms of his agreement.

After entering a guilty plea, Griffith’s lawyers requested he is moved from Metropolitan Correctional Center to Essex County Correctional Facility in Newark, N.J., citing “very difficult” conditions at MCC, which is known for being dilapidated and dangerous for inmates.

Griffith, known for his normally bright and gregarious personality, was sombre and emotional in court. When asked by the judge how he was feeling, Griffith said he had been doing daily “meditational training” and was “acutely aware of how awful [he was] feeling.”

IEEPA charge

He was charged with violating a pair of executive orders that prohibit some types of transactions and activities in North Korea, including exporting services by U.S. persons. As a U.S. citizen, Griffith qualifies as a U.S. person, though his primary residence was in Singapore before his arrest.

At the centre of the allegations was a presentation Griffith gave to the North Korean conference. While the specifics of the presentation have not been released, attorneys who commented on the case noted that much of the material may have already been public.

However, that may not have mattered for the prosecution.

Monday’s agreement caps off nearly two years of legal back-and-forth between attorneys for the prosecution and Griffith. Defence attorneys repeatedly requested clarity about the charges being brought, according to public filings.

Griffith’s plea deal came as a surprise, as both prosecutors and Griffith’s defence team have been preparing for a trial. A jury was finalized Monday morning.

Documents filed in the case indicate that the decision to reach a plea agreement was reached over the weekend.

TAGGED: Virgil Griffith

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Cryptocurrency exchanges scramble to drop Chinese users after Beijing’s ban
Next Article Bitcoin (BTC) Lightning Network Capacity Tops 2,900 BTC, Twitter Can Boost Further

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
BLOCKCHAIN NEWS EXCHANGES News WEB3 March 25, 2023
DeFi protocol DefiLlama has resolved its internal conflicts 1
DeFi protocol DefiLlama has resolved its internal conflicts
CRYPTOPEDIA News WEB3 March 21, 2023
Crypto Fear and Greed Index has reached its highest level
Crypto Fear and Greed Index has reached its highest level
BITCOIN NEWS News March 21, 2023
Join us
Ad imageAd image

You Might also Like

Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
BLOCKCHAIN NEWSEXCHANGESNewsWEB3

Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan

March 25, 2023
DeFi protocol DefiLlama has resolved its internal conflicts 1
CRYPTOPEDIANewsWEB3

DeFi protocol DefiLlama has resolved its internal conflicts

March 21, 2023
Crypto Fear and Greed Index has reached its highest level
BITCOIN NEWSNews

Crypto Fear and Greed Index has reached its highest level

March 21, 2023
Project AI Powered Trading Platform Accused of Draining 1M from Users
AIBLOCKCHAIN NEWSNews

Project ‘AI-Powered’ Trading Platform Accused of Draining $1M from Users

March 20, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?