Bitcoin
BTC$41 774.92

-1.51%

Ethereum
ETH$3 118.68

-1.45%

Tether
USDT$1.000320

-0.02%

Binance Coin
BNB$466.91

-0.67%

USD Coin
USDC$1.000410

0.03%

Cardano
ADA$1.34

-9.23%

Virgil Griffith Released on $1M Bail


07 Jan 2020

Virgil Griffith, the infamous creator of WikiScanner and a blockchain developer who stood at the origins of the Ethereum Foundation, has been released from the detention facility on a $1 million bond, on the condition that he will refrain from visiting the state of California.

Released after the appeal hearing


Griffith had appeared before the judge of the U.S. District Court that operates in the jurisdiction of the Southern District of New York last year, on December 26. However, the bail hearing didn't go the way the programmer and his team of lawyers wanted, as his plea was denied because the judge assumed that the detainee could fail to appear before the court again, simply put, he could flee the country to avoid sentencing. The prosecutor, who represents the Attorney's Office for that district, had been correct to assume that Griffith would appeal against the court ruling, which he did eventually.

The next hearing took place four days later at the same district court. Only on that occasion, it was presided by the judge Vernon Broderick. This time, the servant of justice turned out to be lenient towards the accused, despite certain controversial, if not provocative, statements made by Griffith before and during the hearing.

For instance, he claimed that the speech that he delivered during the Pyongyang Blockchain and Cryptocurrency Conference, which took place last April in the capital of North Korea, was intended for the representatives of the country's private sector, not to the authoritarian regime, as the prosecutor claims. One of the assistants to the U.S. attorney riposted sharply that there is no such thing as the private economy in such totalitarian states as the DPRK; therefore, Griffith was ignorant of the fact that people from the highest echelons of the regime might have been present at the conference, or he tolerated their attendance.

The programmer's unconventional sympathy towards the geopolitical pariah must have got under the judge's skin as, at one point, he said sarcastically to Griffith that he wouldn't even get to the bond hearing if he has been tried for committing a similar offense in North Korea. Hard to argue with that as the notoriety of the trigger-happy justice system in the DPRK is known throughout the world.

Moreover, the former member of the Ethereum Foundation acknowledged the fact that he had been contemplating the possibility of voluntarily relinquishing U.S. citizenship and obtaining that of Saint Kitts and Nevis, a well-known offshore haven.

Sweet Home Alabama


Despite all those subtle provocations coming from the prosecuted crypto educator, the judge decided to be complacent and released him from detention on a $1 million bail, provided in the form of bond. Griffith, obviously, didn't have that kind of money, but, luckily, he has a caring family that took care of the matter.

His father stepped forward and provided a house, the value of which was assessed at $835 thousand, as a security for the bond. The remaining part was covered by some of his sister's property. Griffith also got his passport back - he was even allowed to take trips to several countries, including St. Kitts and Nevis. Nevertheless, Virgil would be forced to spend the majority of time before the next hearing at his parent's house in Alabama.

Author: Alex Paulson for Crypto-Rating.com

Related

Bitcoin as crypto safe haven now
Bitcoin as crypto safe haven now
Bitcoin stays in tight range as analyst eyes potential interesting week in BTC
Bitcoin stays in tight range as analyst eyes potential interesting week in BTC
Cryptomarket changing landscape
Cryptomarket changing landscape
Cryptocurrencies rebounded as part of a general downward trend
Cryptocurrencies rebounded as part of a general downward trend
Expert warns higher inflation could whip BTC price to $30K
Expert warns higher inflation could whip BTC price to $30K
Bitcoin continued its downward trend
Bitcoin continued its downward trend
Trade For More, with multiple fees slashed to zero on all crypto CFDs
Trade For More, with multiple fees slashed to zero on all crypto CFDs
Bitcoin reaches for $47K as analysts agree BTC price consolidation cannot last
Bitcoin reaches for $47K as analysts agree BTC price consolidation cannot last
TRADE PointPay TOKEN (PXPV2)
TRADE PointPay TOKEN (PXPV2)

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 68.4% 61 $41 774.92 -1.51% -4.69% $790 978 008 201 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.4% 77 $3 118.68 -1.45% -7.60% $371 830 760 833 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000320 -0.02% 0% $78 339 642 559 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 71.6% 59 $466.91 -0.67% -4.12% $77 094 686 457 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000410 0.03% 0.03% $45 996 617 886 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 75.2% 51 $1.34 -9.23% 3.04% $44 862 610 713 ADA 7 days price change
7 Solana (SOL) SOL Solana predictions 62.4% 82 $136.01 -3.30% -10.60% $42 727 088 409 SOL 7 days price change
8 XRP (XRP) XRP XRP predictions 66.8% 66 $0.741075 -2.05% -7.24% $35 321 959 717 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 74% 56 $80.80 0.51% 0.71% $28 879 627 990 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 72% 51 $24.15 -4.13% -11.76% $23 854 220 686 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 76.8% 46 $0.162274 -2.55% 1.56% $21 529 056 131 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 60.8% 81 $83.56 -3.11% -11.61% $20 417 555 600 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 71.2% 61 $0.000027 -3.13% -14.21% $15 094 146 945 SHIB 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 70.4% 59 $2.05 -5.04% -12.70% $15 023 124 537 MATIC 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $0.999348 -0.14% 0% $14 332 300 070 BUSD 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

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.