Ethereum Foundation member Virgil Griffith was arrested on Thursday for traveling to North Korea to hold presentations regarding crypto and blockchain technologies and their use for evading sanctions. ETH price, however, has remained unaffected by the news.
Manhattan U.S. Attorney’s office released an announcement about arresting Virgil Griffith. Griffith is a US citizen and an Ethereum researcher, who allegedly provided the North Korean government with what was described as ‘highly technical information,’ knowing that it could and would be used for helping the country evade sanctions and launder money.
USA Berman: As alleged, Virgil Griffith provided highly technical information to North Korea, knowing that this information could be used to help North Korea launder money and evade sanctions. (1 of 2)
— US Attorney SDNY (@SDNYnews) November 29, 2019
The announcement adds that Griffith’s actions jeopardized the measures that were enacted by the US Congress, as well as the president himself, in order to put pressure on North…