Former Ethereum developer Virgil Griffith has been sentenced to over five years in prison and a $100,000 fine for helping North Korea in leveraging cryptocurrencies to evade U.S. sanctions.
Former Ethereum developer Virgil Griffith has been sentenced to 63-78 months in prison along with a $100,000 fine for traveling to North Korea and helping its people leverage cryptocurrencies to evade sanctions. Griffith was arrested in November 2019 after delivering a talk at a cryptocurrency conference in Pyongyang in the same year and has been in custody since then. Although the maximum penalty for this crime is 20 years, the developer’s plea deal has brought down the sentence’s duration to 5-6.5 years. Since Griffith has been in custody for two years with over 14 including 14 months on bail, U.
