Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ethereum Dev Freed After 63-Month North Korea Sentence

Ethereum Dev Freed After 63-Month North Korea Sentence

CoinomediaCoinomedia2025/04/09 22:11
By:Isolde VerneIsolde Verne

Ethereum developer Virgil Griffith released after 63 months in prison for violating US sanctions with a blockchain speech in North Korea.Ethereum Developer Freed After Serving Over 5 YearsThe 2019 Blockchain Talk That Sparked Legal TroubleWhat Griffith’s Release Means for Crypto and Regulation

  • Virgil Griffith served 63 months for US sanctions violation.
  • He gave a blockchain speech in North Korea in 2019.
  • His release sparks renewed debate on crypto and geopolitics.

Ethereum Developer Freed After Serving Over 5 Years

Virgil Griffith, a prominent Ethereum developer, has been released from prison after serving 63 months. His incarceration stemmed from a controversial 2019 visit to North Korea, where he delivered a presentation on blockchain technology. The U.S. government charged Griffith with violating international sanctions, claiming his actions could have helped the isolated regime evade financial restrictions using cryptocurrency.

His case has long divided the crypto community. Some saw Griffith’s actions as reckless, potentially aiding a hostile government. Others viewed him as a well-meaning technologist caught in a complex geopolitical crossfire.

The 2019 Blockchain Talk That Sparked Legal Trouble

In April 2019, Griffith attended a blockchain conference in Pyongyang, despite being denied permission by U.S. authorities. There, he gave a talk explaining how blockchain and cryptocurrency could be used to bypass economic sanctions. U.S. officials argued this amounted to providing a “service” to North Korea, in direct violation of the International Emergency Economic Powers Act (IEEPA).

Griffith was arrested later that year and eventually pled guilty in 2021. The judge sentenced him to 63 months in prison and fined him $100,000, emphasizing the potential risks posed by sharing such information with sanctioned entities.

🇰🇵 TODAY: Ethereum developer Virgil Griffith released from prison after serving 63 months for violating US sanctions with a 2019 speech in North Korea on blockchain use. pic.twitter.com/nMZcQXZDNj

— Cointelegraph (@Cointelegraph) April 9, 2025

What Griffith’s Release Means for Crypto and Regulation

With his release, the crypto community is once again reflecting on the intersection of decentralized technology and global politics. Griffith’s case underscores the real-world consequences of operating in sensitive geopolitical spaces—even for those with non-malicious intentions.

As the U.S. and other governments continue to tighten scrutiny on crypto activity, developers, investors, and advocates are urged to remain vigilant about legal boundaries. Griffith’s story serves as both a cautionary tale and a reminder of the unique challenges facing the blockchain world in today’s complex global environment.

Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!