Fun

US prosecutors oppose Ethereum dev’s motion to reduce 5-year sentence

News Feed - 2024-06-19 01:06:23

Turner Wright7 hours agoUS prosecutors oppose Ethereum dev’s motion to reduce 5-year sentenceIn April 2022, a judge sentenced Virgil Griffith to 63 months in prison for violating U.S. sanctions on North Korea.1520 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksOfficials with the United States Justice Department have written a letter opposing former Ethereum developer Virgil Griffith’s motion to reduce his 2022 sentence for violating sanctions on North Korea.


In a June 17 filing in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams argued that a judge should deny Griffith’s motion to reduce his sentence to as little as 51 months. A judge sentenced the former Ethereum developer to 63 months in prison and a $100,000 fine in April 2022, which, considering his time behind bars before the sentencing hearing, makes his expected release date in January 2026.


“Griffith chose to evade the sanctions of his own country to provide services to a hostile foreign power, specifically, services designed to teach and encourage the use of cryptocurrency and blockchain technology to further evade U.S. and United Nations sanctions,” said Williams. “Griffith acted despite knowing that North Korea was committing atrocities against its own people and had made threats against the United States, including nuclear capabilities.”June 17 filing opposing Virgil Griffith’s motion for a sentence reduction. Source: PACER


Griffith spoke at a cryptocurrency and blockchain conference in the North Korean capital city of Pyongyang in 2019, giving more than one presentation about how the country could use crypto to evade sanctions and for money laundering. The Ethereum developer’s lawyers argued in court that he suffered from obsessive-compulsive personality disorder and narcissistic personality disorder, leading to an obsession with the reclusive nation.Claims of petty theft behind bars


Prosecutors added authorities with the Bureau of Prisons had disciplined Griffith “on several occasions” during his stay at the Federal Correctional Institution, Milan in Michigan. They cited reports from prison officials claiming that the former Ethereum developer “attempted to steal soap and tea” and committed other minor infractions while behind bars.“The defendant’s recent conduct [doesn’t] demonstrate any basis for additional leniency [...] At the very least, these incidents do not suggest a newfound respect for government rules and regulations.”


In April, Griffith’s legal team requested that the court revise his 63-month sentence based on revisions to U.S. sentencing guidelines after his conviction. Under the new guidelines, a court could consider reducing the recommended sentence range for Griffith’s conviction from 63 to 78 months’ imprisonment to 51 to 63 months — potentially cutting his time in prison by up to a year, making him eligible for release in January 2025.


Related:North Korean Lazarus hacker group using LinkedIn to target and steal assets: Report


During his sentencing hearing in April 2022, Griffith said he had been “cured” of his “obsession with North Korea,” given the example set by sanctions on Russia in response to the country’s attack on Ukraine. Judge Kevin Castel said at the time that Griffth had no ideology and would likely “play off both sides, as long as he is at the center.”


Griffith’s legal team is expected to file a response to the U.S. government’s letter within 14 days. Regardless of the outcome of the criminal case, the U.S. Department of Commerce has already imposed a 10-year export privilege ban on Griffith, restricting him from engaging in any transactions involving commodities, software or technology under U.S. export regulations until 2032.


Magazine:The FBI’s takedown of Virgil Griffith for breaking sanctions, firsthand# Law# Ethereum# North Korea# Crimes# Developers# Sanctions# RegulationAdd reaction

News Feed

Prashant Jha12 hours agoSouth Korean Bitcoin lender Delio plans to sue regulators: ReportSouth Korean financial regulators accused Delio of fraud and embezzlement and seized its assets in July earlier this year.2560 Tota
Prashant Jha10 hours agoCrypto P2P scams in India show digital asset education is neededScammers have made it impossible for Indian crypto traders to conduct P2P trades owing to several police complaints and bank account
Brayden Lindrea3 hours agoVoyager Digital was ‘no better than a house of cards’ — CFTC commissionerCFTC Commissioner Kristin Johnson’s comments came after separate lawsuits from the CFTC and FTC were filed agains
SXSW’s 2022 Festival in Texas to Host Major On-Site NFT Workshop for Participants
SXSW"s 2022 Festival in Texas to Host Major On-Site NFT Workshop for Participants On Thursday, South by Southwest (SXSW) Conference and Festivals announced the company will be mint
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’
Crypto Lender Blockfi Files for Bankruptcy Protection to "Maximize Value for All Clients" On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that t
Why is BNB price down today?
Nancy Lubale6 hours agoWhy is BNB price down today?BNB’s price is at risk of further losses as multiple metrics point to Binance losing its market share in the crypto sector.773 Total views10 Total sharesListen to arti
An In-Depth Look at the Couple Accused of Laundering 94,636 Bitcoin From the 2016 Bitfinex Hack
An In-Depth Look at the Couple Accused of Laundering 94,636 Bitcoin From the 2016 Bitfinex Hack On Tuesday, the U.S. Department of Justice (DOJ) arrested two individuals that are a
Helen Partz56 minutes agoGrab, Uber’s Southeast Asian rival, debuts Web3 services with CircleGrab, Southeast Asia’s Uber-like super app, is working with the USDC issuer Circle to enable Web3 services for its 187 mill
Jeffrey Epstein Confidant Ghislaine Maxwell’s Last Reddit Post Was About Bitcoin
Jeffrey Epstein Confidant Ghislaine Maxwell"s Last Reddit Post Was About BitcoinThe cryptocurrency community has been discussing the infamous Ghislaine Maxwell, the associate of the
Buda Exchange Starts Requesting Selfie Verification for Withdrawals to New Bitcoin Addresses
Buda Exchange Starts Requesting Selfie Verification for Withdrawals to New Bitcoin Addresses Buda, a Chile-based cryptocurrency exchange, has started requesting
Decentralized Cloud Network Service Sukhavati Network Announces SKT Listing on Gate.io and MEXC
Decentralized Cloud Network Service Sukhavati Network Announces SKT Listing on Gate.io and MEXC sponsored Sukhavati Network is to host its startup sale on Gate.io
Tesla Q2-2021 Earnings Call to Shed Light on Its Bitcoin Holdings
Tesla Q2-2021 Earnings Call to Shed Light on Its Bitcoin Holdings The upcoming Tesla Q2-2021 earnings call, which will be announced this Monday after market hour