November 29, 2023

Ethereum developer Virgil Griffith denied bail from prison

Ethereum developer Virgil Griffith, who was arrested last month and is accused of teachingNorth Korean specialists cryptocurrencies and blockchain were denied exit from prison on bail.

According to the US Attorney, this decision is related toVirgil Griffith’s correspondence with his parents, in which he spoke about renouncing US citizenship, moving to North Korea and launching a “money laundering business” there.

The fact that Griffith continues to remain in prison is also reported by the US Federal Bureau of Prisons, a department managed by the US Department of Justice, responsible for the federal prison system.

Griffith was arrested on charges of trainingNorth Korean experts circumventing economic and political sanctions using cryptocurrencies. Earlier this month, the judge ruled that the Ethereum developer could be released on bail pending trial.

After the arrest of Virgil Griffith, a large number of representatives of the cryptocurrency industry, including Ethereum co-founder Vitalik Buterin, spoke in his support.