News

Two Europeans In Connection With The Virgil Griffith North Korea Sanctions Case Have Been Charged In The United States

By recruiting Virgil Griffith to offer crypto and blockchain services to North Korea, the two reportedly colluded to breach sanctions.

Source:  REUTERS/Al Drago

According to the US Attorney’s Office for the Southern District of New York, two men have been charged with conspiring with former Ethereum software developer Virgil Griffith to aid North Korea in evading US sanctions.

Virgil Griffith was allegedly recruited by Spanish citizen Alejandro Cao de Benos and UK citizen Christopher Emms to offer crypto and blockchain technology services to the Democratic People’s Republic of Korea (DPRK) in 2019.

Griffith was sentenced to five years in prison after being found guilty of traveling to North Korea to make a presentation based on publicly available material regarding open-source software. At his sentencing hearing earlier this month, Griffith said he had learnt his lesson.

The duo is said to have planned a “Pyongyang Blockchain and Cryptocurrency Conference” for the benefit of the DPRK, and Griffith is said to have been hired to help out at the event. According to the announcement, Cao de Benos coordinated approval from the DPRK administration for Griffith’s participation.

Source: Yahoo

Griffith had knowingly violated the International Emergency Economic Powers Act, according to the US, which has economic sanctions against the DPRK due to the country’s repeated testing of forbidden nuclear-capable missiles.

Without special approval from the Treasury Department’s Office of Foreign Assets Control, US citizens are prohibited from exporting goods, services, or technology to the DPRK.

 US Attorney Damian Williams said:

“As alleged, Alejandro Cao de Benos and Christopher Emms conspired with Virgil Griffith…to teach and advise members of the North Korean government on cutting-edge cryptocurrency and blockchain technology all for the purpose of evading US sanctions meant to stop North Korea’s hostile nuclear ambitions,”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

CoinCu News

Victor

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

9 minutes ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

2 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

2 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

2 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

3 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

4 hours ago

This website uses cookies.