CryptoEthereum developer Virgil Griffith released early from prison 

Ethereum developer Virgil Griffith released early from prison 

-



Ethereum developer and early contributor Virgil Griffith has been granted early release from prison after serving nearly five years for violating U.S. sanctions on North Korea.

Griffith, 41, was arrested in 2019 following a controversial trip to North Korea, where he gave a presentation at a cryptocurrency conference in Pyongyang. U.S. prosecutors alleged that his talk, titled “Blockchain for Peace,” explained how the country could use crypto to evade sanctions and launder money.

Griffith pleaded guilty in 2021 to one count of conspiracy to violate the International Emergency Economic Powers Act and was sentenced to 63 months in prison and a $100,000 fine in 2022.

On July 16, U.S. District Judge Kevin Castel reduced Griffith’s sentence to 56 months, effective August 2, citing his lack of prior criminal history and the hardships he endured while in custody. While acknowledging Griffith’s disciplinary infractions in prison, the judge noted that the threat he poses to the public has “somewhat dissipated.”

Griffith’s ‘curiosity’

Griffith’s legal team has long argued that his presentation contained publicly available information and that he was driven more by academic curiosity than criminal intent. One lawyer described the trip as the “culmination of Virgil’s unfortunate obsession with North Korea.”

A respected figure in Ethereum’s (ETH) early development and a key contributor to the Ethereum Name Service, Griffith’s case drew attention from both crypto advocates and national security circles. 

His release comes as North Korean-linked hacking groups like Lazarus continue to target crypto firms, stealing billions in digital assets over the past decade.

Griffith is currently held in a federal prison in Michigan and is expected to be released shortly after the August 2 order takes effect. 





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

here’s why Dogwifhat has a 155% upside

Dogwifhat price rose for the second...

The Person in Charge of Testing Tech for US Spies Has Resigned

The head of the US government’s Intelligence Advanced Research Projects Activity (IARPA) is leaving the unit this month...

NYAG Letitia James Urges Fed Oversight, FDIC Protections in Stablecoin Legislation

New York Attorney General Letitia James is warning that dangerously flawed stablecoin bills could expose U.S. financial markets...

Advertisement

Everyone in tech has an opinion about Soham Parekh

You got into Y Combinator, raised $20 million from a16z, and then exited to Meta? That’s cool, I...

XRP Crypto on Course to Break $3 as Ripple Applies for a National Banking License

XRP crypto bulls are targeting $3. Ripple, the issuer of RLUSD stablecoin, has submitted an application to the...

Must read

The Person in Charge of Testing Tech for US Spies Has Resigned

The head of the US government’s Intelligence Advanced...

You might also likeRELATED
Recommended to you