Ethereum developer arrested for consulting North Korea(Credit: Pexels)
US developer Virgil Griffith was sentenced on Tuesday to five years and three months in prison for providing consulting services on blockchain technology and cryptocurrencies to North Korea.
Was a developer and research scientist for Griffith Ethereum Foundation, In 2019, he traveled to Pyongyang to attend a Blockchain and Cryptocurrency conference despite being denied permission to travel by the US State Department. It is worth remembering that US citizens have been banned from traveling to North Korea since 2017, with special permission after review by the US government.
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But the developer sued for violating the International Emergency Economic Rights Act (IEEPA) and Executive Order 13466, which prohibit the export of goods, services or technology to North Korea without a permit from the Office of Foreign Asset Control (OFAC). An agency under the US Treasury Department.
Griffith was also accused of providing information about how North Korea could use crypto technology to launder money and circumvent US sanctions, in addition to participating in the event. In September last year, he pleaded guilty in court for the Southern District of New York.
In addition to serving five years and three months in prison, Virgil Griffith will spend another three years on probation after being released from prison.
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