There is a shocking development from Ethereum. Virgil Griffith, an Ethereum developer accused of aiding the Democratic People's Republic of Korea, pleaded guilty during his trial in New York's Southern District on September 27. Here are the details of the court decision…
Prison Sentenced for Ethereum Developer Virgil Griffith
Griffith's only accusation was conspiracy to violate sanctions laws. Ethereum (ETH) developer now facing 6.5 years behind bars . His sentence is expected to begin on January 13.
Griffith Virgil Accused of Defying the Regime
Griffith was arrested by American law enforcement in November 2019 after giving a speech at a North Korean cryptocurrency conference. Related North Korean hackers, cryptocurrency< /a> and was accused of stealing more than $1.3 billion in cash. The Ethereum researcher was also found guilty of teaching the regime how to circumvent US sanctions with the help of Blockchain technology. The US Department of Justice claimed in its complaint that it was aware of the fact that Griffith's speech would break the law. The developer initially expected a maximum prison sentence of 20 years.
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