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Ethereum Dev Arrested For Advising North Korea to Evade Sanctions With Crypto And Blo

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The flexibility and versatility of cryptocurrency has led many countries to allow it within their borders. While conferences in this industry are common events around the world, it seems that citizen in the United States need to be much more careful who they educate on crypto assets and blockchain, as Virgil Griffith has learned.

Cryptocurrency was created as a decentralized method of payment that could be used around the world. It isn’t ruled by any single entity, but there are many countries that have made the assets illegal to use. In the United States, the legal digital currency is used for trading, investing, and even purchases with some merchants. However, one of the uses that it should never be applied to is to evade sanctions, which is exactly what Ethereum Foundation member and ETH Developer Virgil Griffith did, and he’s just been caught.

According to a press release on November 29th from the United States Department of Justice, Griffith is a US citizen, and he recently traveled to North Korea, delivering a presentation regarding cryptocurrency. Ordinarily, this type of presentation would not break any laws, but Griffith was applying this knowledge to teach the North Korean public to use the fintech to evade sanctions. This action violates the International Emergency Economic Powers Act (IEEPA), leading to Griffith’s arrest at the Los Angeles International Airport on Thanksgiving Day by the FBI and the Department of Justice. Now, Griffith is scheduled to face federal court, where he stands to receive a maximum sentence of 20 years, if convicted.

“As alleged, Virgil Griffith provided highly technical information to North Korea, knowing that this information could be used to help North Korea launder money and evade sanctions,” said U.S. Attorney Geoffrey S. Berman. He added,

“In allegedly doing so, Griffith jeopardized the sanctions that both Congress and the president have enacted to place maximum pressure on North Korea’s dangerous regime.”
John Demers, the Assistant Attorney General, also commented in the press release, stating that Griffith had received warnings not to go to North Korea before he took his trip. However, upon entering the country, Demers states that Griffith “taught his audience how to use blockchain technology to evade sanctions.”

William F. Sweeney Jr., the Assistant Director-in-Charge of the FBI, added that the sanctions against North Korea were established are due to “deliberate reasons,” as the country and its leadership are “a literal threat to our national security and that of our allies.” He spoke about the allegations against Griffith, stating that the citizen had not received permission to make his trek to North Korea, as his information could essentially “put the world at risk.” Sweeney called Griffith’s actions “egregious.”

The complaint in the Manhattan states that Griffith’s travel arrangements were to both attend and present at an event called the Pyongyang Blockchain and Cryptocurrency Conference. Griffith was told not to travel to the event, but he attended and presented anyway, where he discussed the use of this technology for the purpose of laundering money and evading sanctions. After the conference took place, the complaint states that Griffith had been working on plans to allow for crypto exchanges to take place between North Korea and South Korea, while also announcing plans to give up his citizenship in the United States. Griffith, age 36, lives in Singapore and is a citizen of the United States still, which has led the authorities to charge him with violation of the IEEPA.
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