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ETH Researcher Arrested For Holding Crypto Presentations In North Korea

ETH researcher Virgil Griffith was arrested on Thursday after he traveled to North Korea to hold crypto and blockchain technology presentations and their use cases for evading sanctions. The ETH price, however, remained unaffected as we are seeing in the latest ethereum news.

The US Attorney’s office in Manhattan released the announcement about arresting the ETH researcher Virgil Griffith who is a US citizen. He provided the North Korean government with highly technical information knowing that it could be used for helping the country evade sanctions and to launder money. The announcement noted that Griffith’s actions jeopardized the measures that were imposed by the US congress as well as the US President in order to put pressure on North Korea’s dangerous regime.

The ethereum foundation member also received a lot of warnings against going to North Korea according to the Assistant Attorney General, John Demers. According to the authorities, Griffith went to North Korea in 2019 in April and he was arrested for violating the US laws on Thursday, November 28 at the Los Angeles International Airport. The FBI Assistant Director in charge added:

‘’We cannot allow anyone to evade sanctions, because the consequences of North Korea obtaining funding, technology, and information to further its desire to build nuclear weapons put the world at risk.  It’s even more egregious that a U.S. citizen allegedly chose to aid our adversary.’’

The ETH researcher who is 36 years old, despite being a US citizen is actually a resident of Singapore according to the announcements. The main charges against him revolve around the conspiracies to violate the IEEPA which is a crime that is punishable with 20 years of prison but Griffith’s sentence will be determined by a judge after the trial. Right now, the price of Ethereum doesn’t seem to have a negative impact by the news. In fact, the coin’s price is now at $155 at the time of writing.

As previously reported, Ethereum is still far way from zero, according to Dr. Doom, who retorted to his haters by saying that Bitcoin “has given rise to an entirely new criminal industry, comprising unregulated offshore exchanges, paid propagandists, and an army of scammers looking to fleece retail investors.”

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