Former Ethereum Foundation developer Virgil Griffith is charged with conspiring to violate the International Emergency Economic Powers Act (IEEPA).
EXCLUSIVE: Virgil Griffith Is Now Formally Indicted Along With 1 UNnamed Other For #NorthKorea Crypto; Case Assigned To SDNY Judge Castel Whose @Telegram Case Inner City Press Also Exclusive Covered Amid @SDNYLIVE Stonewall //t.co/4UzRHVdvvb pic.twitter.com/PVgkWfmRlE
— Inner City Press (@innercitypress) 9 января 2020 г.
IEEPA law regulates trade relations with countries that pose a potential threat to US national security.
According to the court, in the near future, at least one more person will be arrested under this case.
Virgil Griffith was arrested in late November on charges of providing the DPRK with information about using cryptocurrencies to circumvent US sanctions and money laundering during a visit to the conference in Pyongyang.
At the end of December, the court allowed Griffith to go out on bail of his sister’s and parents’ homes in the equivalent of $ 1 million. However, until now these conditions have not been met, so he remains in custody.
Against the backdrop of the lawsuit, Griffith was expelled from the Ethereum Foundation, but the organization announced the support of its colleague.