An Ethereum scientist and WikiScanner Creator Virgil Griffith who was arrested on federal charges of illegally traveling to North Korea and provide cryptocurrency advice was denied bail, Inner City Press reports.
The U.S. Attorney's Office states that Griffith emailed to his relatives about renouncing his U.S. citizenship for setting up a money laundering-related business in North Korea.
As for now, Griffith is seeking release on bail from charges of illegal travel to NorthKorea.
Griffith reportedly faces up to 20 years in jail.
Earlier iHodl reported that the Federal Bureau of Investigation (FBI) arrested Griffith for providing "highly technical information to North Korea, knowing that this information could be used to help North Korea launder money and evade sanctions."
The U.S. Attorney Geoffrey S. Berman claims Griffith "jeopardized the sanctions" that both Congress and the president have enacted to place maximum pressure on North Korea’s dangerous regime.
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