Crypto Guru Pleads Responsible to Advising North Korea on Blockchain Expertise

As his prison trial was set to start out, a cryptocurrency professional pleaded responsible to conspiring to violating U.S. regulation by touring to North Korea to offer a presentation on the way to use blockchain know-how to launder cash and evade sanctions.

Virgil Griffith entered the plea in federal court docket in Manhattan on Monday, earlier than jury choice was to start in his trial. The previous senior researcher for the Ethereum Basis was arrested in November 2019 after attending a convention in Pyongyang earlier within the yr. A federal grand jury convened by the U.S. legal professional’s workplace for the Southern District of New York indicted Mr. Griffith on one depend of allegedly conspiring to violate the Worldwide Emergency Financial Powers Act, which prohibits U.S. residents from exporting items, providers or know-how to North Korea.

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