RATE Group | Crypto Community Erupts Over Ethereum Foundation Member’s Arrest
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Crypto Community Erupts Over Ethereum Foundation Member’s Arrest

30 Nov Crypto Community Erupts Over Ethereum Foundation Member’s Arrest

Posted at 15:13h in Bitcoin News by

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Crypto Community Erupts Over Ethereum Foundation Member's Arrest

On Friday the United States Attorney’s Office for the Southern District of New York (SDNY) announced the arrest of Ethereum Foundation member Virgil Griffith for allegedly “assisting North Korea in evading sanctions” by teaching “his audience how to use blockchain technology.” After the Manhattan U.S. Attorney revealed the news, the cryptocurrency community erupted in outrage.

Also read: German Banks Authorized to Store and Sell Cryptocurrency in 2020

US Attorney’s Office Arrests Virgil Griffith for Teaching Blockchain Technology to North Koreans

The U.S. Attorney SDNY and the Federal Bureau of Investigation (FBI) announced charges against Virgil Griffith on November 29 detailing that the American citizen violated the International Emergency Economic Powers Act (IEEPA). Griffith is a well known member of the cryptocurrency community and worked with the Ethereum Foundation.

Crypto Community Erupts Over Ethereum Foundation Member's Arrest

U.S. law enforcement agencies allege that Griffith traveled to…

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