RATE Group | Cryptocurrency expert accused of assisting North Korea in evading sanctions
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Cryptocurrency expert accused of assisting North Korea in evading sanctions

29 Nov Cryptocurrency expert accused of assisting North Korea in evading sanctions

Posted at 21:02h in Cryptocurrency News by

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A man was arrested in California and accused of traveling to North Korea to deliver a presentation on using cryptocurrency and blockchain technology that could help the country evade sanctions, federal prosecutors in New York said Friday.

Virgil Griffith, 36, was arrested Thursday at Los Angeles International Airport after he allegedly traveled North Korea in April and provided technological information that could assist in evading sanctions imposed on the country by the U.S., the U.S. attorney for the southern district of New said in a statement. Griffith was set to appear in federal court in Los Angeles Friday.

“As alleged, Virgil Griffith provided highly technical information to North Korea, knowing that this information could be used to help North Korea launder money and evade sanctions,” U.S. Attorney Geoffrey Berman said in a statement. “In allegedly doing so, Griffith jeopardized the sanctions that both Congress and the president have enacted to place maximum pressure on…

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