Ethereum researcher arrested by FBI for helping North Korea avoid US sanctions.
Dec 2, 2019 ·1
Virgil Griffith, a research scientist with the Ethereum Foundation and citizen of the United States, has been arrested under the International Emergency Economic Powers Act in line with the accusation that Griffith helped North Korea understand how they can use cryptocurrency to evade United States economic sanctions on their country. Several North Korean government officials asked him highly technical questions regarding the use of cryptocurrency and prompted him to explain how it could be used to send money to and fro South Korea – a blatant violation of the economic sanctions. The United Nations estimates that North Korea has over $650 million in cryptocurrency