On Friday the United States Attorney’s Office for the Southern District of New York (SDNY) announced the arrest of Ethereum Foundation member Virgil Griffith for allegedly “assisting North Korea in evading sanctions” by teaching “his audience how to use blockchain technology.” After the Manhattan U.S. Attorney revealed the news, the cryptocurrency community erupted in outrage.
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US Attorney’s Office Arrests Virgil Griffith for Teaching Blockchain Technology to North Koreans
The U.S. Attorney SDNY and the Federal Bureau of Investigation (FBI) announced charges against Virgil Griffith on November 29 detailing that the American citizen violated the International Emergency Economic Powers Act (IEEPA). Griffith is a well known member of the cryptocurrency community and worked with the Ethereum Foundation.
U.S. law enforcement agencies allege that Griffith traveled to North Korea (DPRK) and gave “a presentation and technical advice on using cryptocurrency and…