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

Former CEO of Crypto Exchange Wex Dmitry Vasiliev Reportedly Detained in Croatia
Former CEO of Crypto Exchange Wex Dmitry Vasiliev Reportedly Detained in Croatia Dmitry Vasiliev, co-owner and former chief executive of the now defunct Russian crypto exchange Wex
Solana’s Jupiter DEX kickstarts native DAO with $137M in initial capital
Zhiyuan Sun7 hours agoSolana’s Jupiter DEX kickstarts native DAO with $137M in initial capitalThe funds will be used to support ecosystem initiatives and reward long-term contributors.4140 Total views9 Total sharesList
Over 1 million new crypto tokens have been launched since April
Martin Young3 hours agoOver 1 million new crypto tokens have been launched since AprilNearly half of the one million new tokens launched since April 1 have been memecoins created on the Solana network.2525 Total views7 T
Google’s inclusion of Bitcoin wallet balances sparks privacy debate
Amaka Nwaokocha14 hours agoGoogle’s inclusion of Bitcoin wallet balances sparks privacy debateWhile some applaud the move toward mainstream adoption, privacy-centric Bitcoin supporters have raised concerns about centra
Helen Partz15 hours agoCrypto makes up 70% of South Korea’s reported overseas assets: Tax agencyOver 1,400 individuals and corporations in South Korea have reported holding $98 million in crypto overseas, which is 70%
Prashant Jha10 hours agoETF analyst raises spot Bitcoin ETF approval chances in the US to 65%The ETF analyst predicted that recent developments in the Ripple vs. SEC case and the upcoming Grayscale lawsuit would be cruci
Lugui Tillier3 hours agoBitcoin is evolving into a multi-asset networkBitcoin Ordinals are creating new possibilities for the Bitcoin network by allowing users to create inscriptions stored on individual Satoshis.1463 To
IRS Special Agent on Crypto: ‘We See Mountains of Fraud in This Area’
IRS Special Agent on Crypto: "We See Mountains of Fraud in This Area" A special agent with the Internal Revenue Service (IRS) says the tax agency is “seeing mountains and mo
Kirobo CEO Asaf Naim Explains How Building a Safety Net for DeFi Users Will Make It Bigger Than Ever
Kirobo CEO Asaf Naim Explains How Building a Safety Net for DeFi Users Will Make It Bigger Than Ever Kirobo is a decentralized application developer building out a suite of service
Biggest Movers: XMR Rises to 1-Month High, XRP Moves 4% Lower
Biggest Movers: XMR Rises to 1-Month High, XRP Moves 4% Lower Monero jumped to a one-month high on Friday, as overall sentiment in crypto markets remained largely unchanged. The gl
Bitcoin price weakens after hot CPI print raises doubt on Fed rate cuts
Nancy Lubale6 hours agoBitcoin price weakens after hot CPI print raises doubt on Fed rate cutsBitcoin price fell to an intra-day low at $67,500 after the U.S. CPI print showed inflation making a resurgence.1138 Total vie
Bitcoin, Ethereum Technical Analysis: ETH Remains Above $2,100 to Start the Weekend 
Bitcoin, Ethereum Technical Analysis: ETH Remains Above $2,100 to Start the Weekend  Ethereum remained above $2,100 to start the weekend, despite crypto markets moving into consol