RATE Group | Ethereum Developer Virgil Griffith to Be Released on Bail to Parents
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Ethereum Developer Virgil Griffith to Be Released on Bail to Parents

31 Dec Ethereum Developer Virgil Griffith to Be Released on Bail to Parents

Posted at 01:32h in Ethereum News by

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Virgil Griffith is slated to be released to his parents’ home in Alabama pending some pre-release conditions, after a ruling by U.S. District Court Judge Vernon Broderick in New York Monday.

“Laws in this country are not suggestions,” Judge Broderick told the accused Ethereum Foundation developer as the hearing began, according to a tweet thread from Matthew Russell Lee, founder of Inner City Press, who covered the hearing live from the courtroom. Griffith is now slated be released to his parent’s Tuscaloosa home under a $1 million bond.

“We are very pleased the district judge sided with us and ordered Virgil to be released pending trial,” Griffith’s attorney, Brian Klein, of Baker Marquart LLP, told CoinDesk in a statement.

Griffith is being held for allegedly violating the International Emergency Economic Powers Act (IEEPA) by traveling to North Korea for a cryptocurrency conference organized by the government in Pyongyang.

Today’s hearing was an appeal of a denial of bond reported…

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