Former Ethereum developer Virgil Griffith will face 63 months in prison and a $100,000 fine for helping North Koreans use it. cryptocurrencies to evade sanctions
In September, Griffith pleaded guilty to conspiracy to violate international sanctions against North Korea. Griffith was arrested in November 2019 after speaking at a cryptocurrency conference in Pyongyang. in April of that year
Although the maximum sentence is 20 years, Griffith’s agreement with federal prosecutors reduced his sentence to 63 to 78 months, or about five to 6.5 years. Griffith has spent about two years in custody. Although he was given 14 months on bail, the court counted the remaining 10 months.
Assistant Attorney General John Demers said in a statement: “Despite being warned not to go, Griffith went to North Korea. which is the main enemy of the United States And he taught audiences how to use blockchain technology to avoid sanctions. and from this complaint We must therefore begin the process of seeking justice for such actions.”
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