TL;DR: An American living in Singapore, Virgil Griffith, was arrested yesterday in Los Angeles and charged by the Department of Justice with providing “highly technical information to North Korea, knowing that this information could be used to help North Korea launder money and evade sanctions” by way of cryptocurrency and blockchain technology, according to U.S. Attorney Geoffrey S. Berman. Should Griffith be convicted, he faces up to 20 years in prison.
American Arrested for Teaching North Korea Cryptocurrency & Blockchain
The unsealed, 8-page complaint alleges Griffith, 36, with violating the International Emergency Economic Powers Act (IEEPA) by traveling to the Democratic People’s Republic of Korea (North Korea) with the express purpose of giving “technical advice on using cryptocurrency and blockchain technology to evade sanctions,” the Manhattan US Attorney press released explained. “In allegedly doing so, Griffith jeopardized the sanctions that both Congress and the president have enacted to place maximum pressure on North Korea’s dangerous regime,” US Attorney Berman stressed.
Visa to DPRK fixed without passport number. pic.twitter.com/MZdlJzZXbW
— Virgil Griffith | 𝚟𝚒𝚛𝚐𝚒𝚕.𝚎𝚝𝚑 (@virgilgr) August 13, 2019
According to the Department of Justice, Griffith was apparently warned “not to go,” but instead made the trip anyway and taught a class of some kind. That very act of education, no matter how benign, seems to run afoul of the IEEPA and a presidential Executive Order, 13466, effectively prohibiting Americans “from exporting any goods, services, or technology” to North Korea without express permission. Earlier this year, Griffith traveled to the Hermit Kingdom sans license to attend the Pyongyang Blockchain and Cryptocurrency Conference.
There, he allegedly discussed “how the [North Korea] could use blockchain and cryptocurrency technology to launder money and evade sanctions.” This reportedly included speaking specifically to officials there about smart contracts as well as “formulating plans to facilitate the exchange of cryptocurrency between [North Korea] and South Korea,” US officials claim.
Griffith “also encouraged other U.S. citizens to travel to North Korea, including to attend the same” type of crypto-related conference, and “announced his intention to renounce his U.S. citizenship and began researching how to purchase citizenship from other countries.” Griffith is well known within the Ethereum community and part of the Ethereum Foundation.
CONTINUE THE SPICE and check out our piping hot VIDEOS. Our podcast, The CoinSpice Podcast, has amazing guests. Follow CoinSpice on Twitter. Join our Telegram feed to make sure you never miss a post. Drop some BCH at the merch shop — we’ve got some spicy shirts for men and women. Don’t forget to help spread the word about CoinSpice on social media.
DYOR: CoinSpice is your home for just spicy crypto things. We’re not affiliated with any cryptocurrency project or token. Each published piece is intended for information purposes only, not investment advice and not in the hope of impacting speculative markets. There are plenty of trading sites and coin-specific advocacy journals out there, we’re neither. CoinSpice strives for rigorous accuracy in our reporting. Information presented here is contingent usually on a host of factors, and the ecosystem moves fast — prices change, projects change, and at warp speed. Do your own research.
DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.