The case of Virgil Griffith is a shining example of how participation in a blockchain conference can result in a criminal case. On Thanksgiving Day, the crypto community went buzzing after the news broke out about the arrest of a well-known programmer, a developer of Wikiscanner, and a valued member of the Ethereum Foundation. The FBI arrested Griffith at the Los Angeles International Airport on the charge of providing a highly technological, thus valuable information to one of the United States' biggest nemeses, North Korea.
The news about the arrest had begun to spread after the Attorney's Office that belongs to the Southern District of New York issued a report which describes in detail Griffith's alleged crimes of sharing his professional knowledge about the blockchain technology at the Blockchain and Cryptocurrency Conference that took place in April in the capital of North Korea, Pyongyang.
The fact that Griffith spoke at that event does not constitute a crime, of course, but the authorities claim that he revealed the information which might help the North Koreans to circumvent steep economic sanctions. Moreover, Griffith had applied to the U.S. Treasury Department's Office of Foreign Asset Control for permission to travel to the conference but was denied.
But we went nonetheless, after having obtained a visa with the help of the diplomatic mission in New York. But first, he had to travel to China in order to avoid the U.S. official travel ban. When in China, the programmer found a way to get a paper visa to North Korea, which is usually not being attached to the passport, so that there would have been no paper trail, thus no evidence of him traveling to the conference.
The federal investigators claim that at the event, Griffith has told the audience, which must have included the representatives of the authoritarian regime, about the possibility of laundering money and dodging the American sanctions with the help of the blockchain technology and cryptocurrencies.
The self-proclaimed disruptive technologist has apparently believed that he would be aiding people of North Korea, the overwhelming majority of which don't even have proper access to the Internet, to gain a better knowledge of blockchain. At the interrogation that followed the arrest, Griffith tried to convince the agents that he shared only the information that is publicly available on the Web and had to intention of sharing something valuable.
But the FBI presented a transcript of Griffith's communication with an unnamed person via a messaging app. When asked about how the Koreans could benefit from his lectures, the Ethereum member replied that they would probably use, quote, "to avoid sanctions."
Griffith's actions were brought to the attention of the FBI Counterintelligence Division by agent Brandon Cavanaugh, who got acquainted with the crypto developer through a series of prior interviews.
Right now, the infamous coder is accused of breaching the International Emergency Powers Act (IEEPA) by providing the adversaries with valuable insight into cryptocurrencies and, allegedly, discussing the creation of a new digital token, named simply "currency-1", that should facilitate the process of money laundering. Griffith will be brought to the preliminary hearing, where the judge will rule whether the prosecution has enough evidence to proceed with the case. If found guilty, the violator could face as many as twenty years in federal prison.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||74.8%||46||$36 440.02||-0.54%||-6.27%||$690 249 828 112|
|2||ETH||Ethereum predictions||70.4%||61||$2 391.51||-2.26%||-15.99%||$285 413 947 340|
|3||USDT||Tether predictions||94%||1||$1.000288||-0.01%||0.01%||$78 191 159 918|
|4||BNB||Binance Coin predictions||70%||65||$380.90||2.83%||-10.73%||$62 892 838 207|
|5||USDC||USD Coin predictions||92.8%||1||$0.999656||-0.05%||-0.02%||$49 469 609 170|
|6||ADA||Cardano predictions||67.2%||64||$1.018466||-2.84%||-16.24%||$34 172 614 154|
|7||XRP||XRP predictions||71.6%||53||$0.595622||-2.09%||-13.43%||$28 433 155 075|
|8||SOL||Solana predictions||70%||67||$88.51||-2.42%||-27.36%||$27 879 047 959|
|9||LUNA||Terra predictions||64%||73||$49.02||-18.93%||-35.45%||$19 644 476 734|
|10||DOGE||Dogecoin predictions||67.2%||64||$0.138977||-2.55%||-9.51%||$18 438 138 572|
|11||DOT||Polkadot predictions||64.4%||68||$17.64||-1.41%||-20.96%||$17 421 416 458|
|12||AVAX||Avalanche predictions||65.2%||66||$62.75||-3.19%||-16.79%||$15 365 789 164|
|13||BUSD||Binance USD predictions||92.8%||1||$1.000626||0.19%||0.02%||$14 853 235 915|
|14||MATIC||Polygon predictions||64.4%||73||$1.60||-0.20%||-14.76%||$11 930 161 847|
|15||SHIB||SHIBA INU predictions||66.8%||68||$0.000021||-1.22%||-19.95%||$11 257 222 749|
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2022 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.