North Korea reportedly earned $3 billion from stealing digital assets, which it used to evade sanctions and fund its nuclear ambitions.
The British national stresses there is no truth to the allegations the U.S. throws, pointing out that information gathered by a nongovernmental organization backs his innocence.
The U.K. national is detained in Saudi under the request of the U.S. government after they were identified as having partnered with Ethereum developer Virgil Griffith to organize a North Korea event.
If found guilty of the charges, Alejandro Cao de Benos and Christopher Emms faces up to 20 years in prison. Currently, both individuals remain at large.
Former Ethereum developer Virgil Griffith received a 63-month prison sentence for teaching North Koreans how to use digital currencies to evade sanctions.
Virgil Griffith had pleaded guilty in September 2021 to conspiracy to violate the International Emergency Economic Powers Act, the foundational statute which powers the U.S. sanctions regime.
China's crackdown on cryptocurrency intensifies with a blanket ban on all digital currency transactions and mining.
Ethereum, the self-proclaimed “world computer,” has a serious case of the ‘I Don’t Like Mondays’ after a series of public relations black eyes.
Judge Castel has ordered Ethereum researcher Virgil Griffith to go back to jail until his trial begins in September 2021.
Ethereum researcher Virgil Griffith has violated his bail by attempting to gain access to an account he controls on a cryptocurrency exchange.
Ethereum researcher Virgil Griffith will have to face the jury for allegedly assisting the North Korean government to evade sanctions through digital currencies.