- Published on December 3, 2019
- In AI Features
Why Ethereum Developer Virgil Griffith May Be Imprisoned For Giving A Blockchain Presentation
- By Sameer Balaganur
Ethereum Foundation’s special projects researcher, Virgil Griffith has been arrested for allegedly violating the IEEPA (International Emergency Economic Powers Act) by giving a presentation on decentralised application and blockchain platform- Ethereum in North Korea.
The United States Department of Justice in their statement said that Griffith, 36, travelled to North Korea to deliver a presentation on using cryptocurrency and blockchain tech to evade sanctions. According to experts, he may face prison time for this.
The U.S. Attorney said that Virgil provided highly technical information to North Korea that can help it to launder money and evade sanctions from the U.S. In simple terms, the U.S doesn’t want North Korea to find a way to escape from under its thumb
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Sameer Balaganur
Sameer is an aspiring Content Writer. Occasionally writes poems, loves food and is head over heels with Basketball.
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