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.
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.
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.
