Virgil Griffith, the former head of special projects for the Ethereum Foundation, is free on $1 million bail. He was charged with violating sanctions following a trip to North Korea in April to deliver a lecture on cryptocurrency. Prosecutors say he assisted the rogue regime in using cryptocurrency to bypass sanctions.
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DoJ: Ethereum expert helped North Korean sanction busting
The Department of Justice arrested the Ethereum Foundation’s Virgil Griffith for allegedly teaching North Korea to use cryptocurrency to avoid economic sanctions
Here’s a clue: if you’re going to teach North Korea how to use cryptocurrency to evade sanctions, don’t post your visa on Twitter. Particularly if the U.S. State Department has warned you not to go.
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Exchange hacks funded North Korean nukes
The rogue state stole $2 billion from cryptocurrency exchanges over the past two years, using it to fund nuclear weapons development
North Korea funded its nuclear weapons research by looting cryptocurrency exchanges of $2 billion, according to a confidential UN report.
