Main page News, US, Ethereum, North Korea, Regulations, Crypto Market, Cryptocurrency
Hot topic
Dec. 27, 2019
151 151

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.

FBI Charges Creator of Darkode and NiceHash with Fraud

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.

FBI Director: Cryptocurrency is Already Significant Issue

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.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close