Ethereum Developer Accused of Helping North Korea Evade Sanctions

Welcome aboard the Bitcoin Express my name is chase, let’s get to it we have a bizarre news story today a theorem developer named the Virgil Griffith was arrested for going to North Korea and educating and teaching their people how to use cryptocurrency and the news article I have in front of me from coin desk in the headline they asked freedom fighter or fool why did he do this what was the purpose as the article begins the etherium foundation researcher that would be Virgil Griffith was arrested at Los Angeles International Airport on Thanksgiving for traveling to the Democratic People’s Republic of Korea.

Sweeney jr. quote mr. Griffith allegedly traveled to North Korea

Side note I think it’s hilarious that it’s called the Democratic People’s Republic of Korea well anyways he went there this year and he attended the Pyongyang blockchain and cryptocurrency conference in April and is accused by US authorities of giving the North Korean regime information on how to use cryptocurrency to evade sanctions so he went there to teach them how to use cryptocurrency and is being accused of teaching them how to evade sanctions not only did he go he knew that he wasn’t allowed to go here we have a quote from FBI assistant director William F Sweeney jr. quote mr. Griffith allegedly traveled to North Korea without permission from the federal government and with knowledge what he was doing was against the law.

Wikipedia economic sanctions are commercial

We cannot allow anyone to evade sanctions because the consequences of North Korea obtaining funding technology and information to further its desire to build nuclear weapons put the world at risk it’s even more egregious that a US citizen allegedly chose to aid our adversary so it really is unclear, he knew he wasn’t able to go and he still went anyway and then whether he was teaching them how to evade sanctions that still remains unclear so we’ll find that out in the future now what is a sanction so as defined by Wikipedia economic sanctions are commercial and financial penalties applied by one or more countries against a targeted self-governing state group or individual…

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