NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: XRP Price Alert: Expert Predicts $0.80 On Bitcoin's Potential Retreat To $60,000
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: XRP Price Alert: Expert Predicts $0.80 On Bitcoin's Potential Retreat To $60,000

Former Ethereum Developer Griffith Pleads Guilty To Violating U.S. Sanctions

Taylor Scott
Taylor Scott
Last Updated: September 27, 2021 5:51 pm
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

American programmer and developer Virgil Griffith pleaded guilty today to violating U.S. sanctions law. Griffith created Wikipedia indexing tool WikiScanner, co-designed the Tor2web proxy, and was a senior research scientist with the Ethereum Foundation who at one point led special projects for the platform.

The North Korean Crypto Conference

A federal grand jury convened by the U.S. Attorney’s office in the Southern District of New York alleged that Griffith conspired to allege the International Emergency Economic Powers Act. Griffith was set to go on trial today, but instead changed his plea to guilty to the lone charge. Prior to shifting his plea, he was facing up to 20 years in prison.

He will be sentenced in January 2022, and reports state that the plea deal could conclude with somewhere between 63 and 78 months of prison time. The maximum sentence even with the plea deal, however, is still north of 6 years.

Griffith was arrested in November 2019 after allegedly speaking on blockchain and cryptocurrency in North Korea earlier that year. The U.S. Attorney’s office alleged that during that talk, he “provided highly technical information” that he knew “could be used to help North Korea launder money and evade sanctions.” The event was a “Pyongyang Blockchain and Cryptocurrency Conference” in April 2019, according to the Department of Justice press release.

Griffith was released on bail last year, however he was jailed after attempting to access his Coinbase account to pay attorneys this year. Prosecutors stated that this move was a violation of the terms of his bail conditions.

After looking to nearly break back above $4,000, ETH has dipped back into the low $3,000s. | Source: ETH-USD on TradingView.com

Related Reading | JPMorgan Analysts Say That Big Money Are Dumping Bitcoin For Ethereum

International Emergency Economic Powers Act (IEEPA)

Despite not residing in the U.S., Griffith was a U.S. citizen and thus subject to the IEEPA charges. Journalist and author Ethan Lou, who was with Virgil Griffith in North Korea, was at the courthouse today and tweeted developments. As Lou aptly notes, since Griffith only faced “conspiracy to violate” the IEEPA and that actually helping North Korea was not vital to find him guilty. Accordingly, says Lou, “the prosecution does not need to prove any tangible results of any specific action.”

The IEEPA states that U.S. persons are “prohibited from exporting any goods, services, or technology to the DPRK without a license”. The bar to find Griffith guilty was undoubtedly quite low.

Following Griffith’s plea shift, Lou noted that he was “quite emotional” and that it was “unclear what new development caused this guilty plea,” adding that “one possible reason is the barring of the remote testimony of an Ethereum Foundation lawyer.”

The two-year back and forth between the U.S. Attorney’s office and Virgil’s representatives finally comes to a close.

Related Reading | 2.1 Million Salvadorans Actively Using Chivo Wallet, El Salvador’s President Claims

Featured image from Pixabay, Charts from TradingView.com
Tweet123Share196ShareSend
Taylor Scott
Taylor Scott

Taylor Scott

Taylor specializes in crypto activity across sports and entertainment. With nearly a decade of engagement with cryptocurrency, Taylor has spent several years working in talent representation with musicians, comedians, and speakers, and achieved a Sports Business MBA in 2020.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Brace For Impact: Ethereum Price Is Now Forming A Counter-Trend Correction

Ethereum is trading just above the important $2,000 psychological level, but the apparent stabilization may be deceptive. According to a...

Scott Matherson 7 hours ago
Bitcoin

Bitcoin Price Will Do A ‘Big Print’ If This Happens; Pundit Explains

The Bitcoin price could be on the verge of a major surge as new discussions from market watchers warn that...

Scott Matherson 12 hours ago
Solana

Solana’s Deep Correction Could Be The Catalyst For Its Biggest Rally Yet

Solana recent pullback may look like weakness on the surface, but it could be laying the groundwork for something much...

Godspower Owie 13 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

BTC, Bitcoin

Bitcoin ‘Absolute Bottom’ Next? Analyst Says BTC’s Final Shakeout Is Near

Rubmar Garcia 40 minutes ago
Crypto

US Labor Department Eyes 401(k) Crypto Access, Bitcoin Considered In New Rule

Ronaldo Marquez 1 hour ago
What To Watch In Crypto This Week: Key Dates And Events

What To Watch In Crypto This Week: Key Dates And Events

Jake Simmons 5 hours ago

Premium Sponsors

Press Releases

  • CreditBlockchain

    CreditBlockchain cloud mining helps users earn up to 0.078...

    2 months ago
  • モネロが686ドルで史上最高値を更新、時価総額トップ11入り──1月に注目のアルトコインは?

    ...

    3 months ago
  • ChatGPTが分析:2026年の仮想通貨 1000倍候補はどれか

    ChatGPTが分析:2026年の仮想通貨...

    3 months ago
  • 新しい仮想通貨:2026年に注目すべき3銘柄、次に急騰するコインはどれか

    ...

    3 months ago
  • ドージコイン 今後:ミームコイン市場に投機売買が再び戻る

    ドージコイン...

    3 months ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.