Fun

Former Ethereum dev Virgil Griffith asks for resentencing in North Korea case

News Feed - 2024-04-18 12:04:34

Martin Young5 hours agoFormer Ethereum dev Virgil Griffith asks for resentencing in North Korea caseGriffith’s attorneys are asking for a sentence reduction from 63 months to 51 months or less.896 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksFormer Ethereum developer Virgil Griffith, who was handed a 63-month prison term in 2022 for assisting North Korea in using blockchain technology, has requested a sentence reduction. 


The plea was made in a letter from Glen Garrett McGorty, an attorney representing Virgil Griffith, to Judge Kevin Castel of the United States District Court for the Southern District of New York on April 17.


The letter requests that the court revise Griffith’s sentence based on newly enacted revisions to U.S. sentencing guidelines, which provide a two-point offense level reduction for certain “zero-point” offenders.


Griffith was sentenced to 63 months and a $100,000 fine in April 2022 after pleading guilty to violating sanctions laws when he attended a conference in North Korea and assisted the state in using blockchain technology — despite economic sanctions imposed by the United States.


The letter argues that Griffith qualifies for a two-point reduction as a “zero-point" offender based on the criteria outlined in the revised guidelines.Screenshot from a letter in United States v. Virgil Griffith. Source: Pacer


This reduction would lower his total offense level from 26 to 24, resulting in a revised guidelines range of 51 to 63 months — potentially shaving a year or more off his sentence.


The letter requests that the court order the U.S. Probation Office to draft a revised pre-sentence investigation report, schedule a resentencing hearing, and allow for a briefing schedule so the defense can provide updated information and arguments for their reduction request.“The defense respectfully requests the opportunity to provide the Court with updated information which would counsel toward a sentence no greater than the lowest end of the new Guidelines range–51 months—if not lower.”


A “zero-point” offender is a first-time, non-violent offender whose crime meets certain criteria indicating a lower risk of recidivism compared to other lawbreakers.


Related:Railgun denies being used by North Korea as it nears $1B total volume


In May 2023, the U.S. Department of Commerce also imposed a 10-year export privilege ban on Griffith, who was serving the first year of his five-year sentence.


This means he was restricted from engaging in any transactions involving commodities, software, or technology that fall under the jurisdiction of U.S. export regulations.


Magazine:Lawmakers’ fear and doubt drives proposed crypto regulations in US# Law# North Korea# Crimes# Sanctions# RegulationAdd reaction

News Feed

Aave Launches Web3, Smart Contracts-Based Social Media Platform Built on Polygon
Aave Launches Web3, Smart Contracts-Based Social Media Platform Built on Polygon The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social med
Solana rival Base hits 400 TPS, claims core contributor
Martin Young3 hours agoSolana rival Base hits 400 TPS, claims core contributorImpressive TPS figures are being shared by Base proponents, but critics say they may be skewed unfairly in the network’s favor by including
Best New Presales to Buy as Bullish Bitcoin Signal Promises Upcoming Bull Run
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 pu
Nigeria begins review of its blockchain technology policy
Amaka Nwaokocha11 hours agoNigeria begins review of its blockchain technology policyThe steering committee’s work is actively toward Nigeria taking a leadership position in African blockchain development.1198 Total vie
Hacker Sent to Prison for Robbing Vietnamese Crypto Exchange
Hacker Sent to Prison for Robbing Vietnamese Crypto Exchange Authorities in Vietnam have caught and sentenced a hacker who stole money and data from a local cryptocurrency exchange
New York Town Bemoans Roadside ‘Littered’ With Bitcoin Miners — Officials Plan to Impose 90-Day Moratorium
New York Town Bemoans Roadside ‘Littered’ With Bitcoin Miners — Officials Plan to Impose 90-Day Moratorium A St. Lawrence county town located in New York n
Analyst Predicts ‘The Final Ascent’ For Bitcoin Price, Why A Rise To $300,000 Is Possible From Here
Este artículo también está disponible en español. The Bitcoin price has now returned into a full bullish sentimentnow that the crypto fear and greed index has flipped int
William Suberg15 hours agoFOMC versus BTC price ‘local bottom’ — 5 things to know in Bitcoin this weekBitcoin network fundamentals have never looked better, as optimism trickles back when it comes to BTC price stre
Bitcoin Sets New All Time High Spiking Over $35,000
Bitcoin Sets New All Time High Spiking Over $35,000 Bitcoin’s record-breaking start to the new year continued on January 5 after the top crypto set another
Chamber of Representatives in Paraguay Advances Crypto Bill
Chamber of Representatives in Paraguay Advances Crypto Bill Cryptocurrency regulation in Paraguay is progressing steadily, as a crypto bill introduced in December has been approved
Rachel Wolfson9 hours agoUS law protects institutions and exposes retail investors — Rep. TorresNew York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are s
Binance Pay and GoCrypto Bring Crypto Payments Closer to Everyday Use
Binance Pay and GoCrypto Bring Crypto Payments Closer to Everyday Use press release PRESS RELEASE. GoCrypto, a solution allowing merchants to accept, store, withdraw and buy cryptoc