Fun

Federal Court Rejects Motion Filed by Crypto Developer Virgil Griffith to Dismiss Charges on Aiding North Korea

News Feed - 2021-01-30 11:01:19

Federal Court Rejects Motion Filed by Crypto Developer Virgil Griffith to Dismiss Charges on Aiding North Korea


A U.S. federal judge has rejected a motion filed by a former Ethereum Foundation developer over allegations of assisting North Korea to bypass sanctions. Prosecutors claim, Virgil Griffith, aided the regime by providing critical information on cryptocurrencies. Prosecutors Say Griffith’s Speech Was About the Use of Cryptos to Circumvent Sanctions


Per Law360, a jury is now set to determine if Griffith violated the International Emergency Economic Powers Act by giving a speech at the Pyongyang Blockchain and Cryptocurrency Conference in 2019.


Kevin Castel, a U.S. District Judge, denied Griffith’s motion because the “short and vague” four-page indictment lacked specific details of his alleged criminal actions. He further commented on the matter: Examining the indictment in light of the parties’ arguments, the court concludes that it provides adequate notice of the charges against Griffith sufficient to enable him to prepare for trial and, if it becomes necessary, plead double jeopardy as a defense. Further, upon review of the law governing the offense conduct, the indictment states a federal crime and violates no constitutional prohibition.


Prosecutors accused the former Ethereum Foundation developer of giving a speech in Pyongyang about the use of cryptocurrencies to get around U.S. economic sanctions.


Griffith was arrested on Thanksgiving Day in 2019. However, on December 30, 2019, he was granted bail by U.S. District Judge Vernon Broderick.


Many crypto supporters stood up for Griffith’s cause when he was arrested, and influencers like John McAfee called the U.S. government “corrupt at the core.”


Griffith didn’t receive permission from the U.S. Department of Justice to travel to South Korea for the conference. However, per court documents, he got the approval of the North Korean United Nations (UN) Mission in Manhattan and was granted a visa.


Griffith Claims His Speech Was Based on Publicly-Available Information About Blockchain


The Ethereum proponent alleges he gave very basic information about blockchain to about 100 North Koreans who attended his speech. Also, he adds that everything said in his participation is publicly available on the internet. However, prosecutors believe North Korea could use his speech’s content to launder money and bypass sanctions potentially.


Also, the court revealed a message sent by Griffith to colleagues in 2018 before his speech, which reads as follow: We’d love to make an Ethereum trip to the DPRK and set up an Ethereum node … It’ll help them circumvent the current sanctions on them.


But the former blockchain developer claimed in his rejected motion that such speech was protected by the First Amendment freedom of speech.


As of press time, the court date for Griffith’s case is still set for September 2021.


What do you think about this federal judge’s decision? Let us know in the comments section below. Pirate"s Treasure: How the World"s Leading Torrent Site Pirate Bay Amassed $4.5 Million in Bitcoin NEWS | 4 hours ago BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack NEWS | 2 days ago Tags in this story Bail, blockchain technology, Court, DPRK, Ethereum Foundation, New York Southern District Court, north korea, NYSD prosecutors, Sanctions


Image Credits: Shutterstock, Pixabay, Wiki Commons Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry
Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry Silver prices have been hovering just below the $21 per troy ounce mark over the last
Next 4 Big AI Crypto to Soar to 100x as dApp AI Gains Hype
Este artículo también está disponible en español. Although gaming and decentralized finance (DeFi) continued their dominance in the decentralized applications (DApp) spac
Despite the Drop in Crypto Prices, Weekly NFT Sales Reach $4.7 Billion, Increasing 81%
Despite the Drop in Crypto Prices, Weekly NFT Sales Reach $4.7 Billion, Increasing 81% While crypto markets shed billions during the last seven days, non-fungible token asset sales
Cointelegraph Innovation Circle9 hours ago8 ways crypto companies can improve their financial compliance in the USAbsent clear, comprehensive regulatory guidance in the U.S., crypto companies would be wise to shore up th
Toncoin Price Heat Map Reveals $20 Target – Analyst
Este artículo también está disponible en español. Prominent altcoin Toncoin (TON) was not left out of the widespread crypto decline in the last week. According to data fr
Dogecoin Price Flashes Bullish Pennant On Daily Heikin Ashi Chart, What This Means
Este artículo también está disponible en español. Crypto analyst Trader Tardigrade has drawn the community’s attention to a bullish pattern on the Dogecoin price chart.
Venezuela To Start Using Cryptocurrency in Global Trade in Efforts To Fend off U.S. Sanctions
Venezuela To Start Using Cryptocurrency in Global Trade in Efforts To Fend off U.S. SanctionsVenezuela president Nicolas Maduro says the country is to start using cryptocurrency in
Yashu Gola13 hours agoXRP price bull flag hints at 20% rally by New Year’sXRP may need to undergo a short sell-off period before confirming the upside continuation setup as whales demonstrate bullishness.7160 Total vie
Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto
Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto According to an executive with the Dubai-based DAMAC Properties, the real estate development “comp
Tron surpasses Ethereum: $1.42M revenue in 24 hours
Josh O"Sullivan3 minutes agoTron surpasses Ethereum: $1.42M revenue in 24 hoursTron’s revenue surpasses Ethereum since July 23, with $1.42 million generated in 24 hours compared to Ethereum’s $844,276.19 Total viewsL
Do Kwon Accused of Cashing out $2.7B Before UST Collapse, Terra Founder Says Allegations Are False
Do Kwon Accused of Cashing out $2.7B Before UST Collapse, Terra Founder Says Allegations Are False Terra’s new LUNA 2.0 token has lost 54% in value in the last two weeks, af
Technical Analysis: Record Broken, as ANC Falls Over 20% on Sunday
Technical Analysis: Record Broken, as ANC Falls Over 20% on Sunday Following a week-long winning streak, ANC finally fell on Sunday, as crypto bears finally entered the fray. Despi