A US citizen who is a computer researcher appears in federal court in Los Angeles on Monday. Accused of advising North Korea on how to use cryptocurrency to avoid sanctions. This was according to the United States Attorney’s Office.
Virgil Griffith, age 36, lives in Singapore. Arrested last week at the Los Angeles International Airport. And then a criminal complaint against him filed on Friday.
A US citizen tried to help North Korea?
Republican Primaries in 4 US States have been Nixed
Deval Patrick Running for President
Further, Griffith accused of violating the International Emergency Economic Powers Act (IEEPA) by traveling to North Korea. According to a news release from the US Attorney’s Office for the Southern District of New York.
In order deliver a presentation and technical advice on using cryptocurrency and blockchain technology to evade sanctions,
In addition, the technology behind cryptocurrencies is blockchain. So, data can’t be easily changed or deleted helping it to avoid fraud.
FBI Assistant Director-in-Charge William F. Sweeney Jr. said in the news release.
We cannot allow anyone to evade sanctions, because the consequences of North Korea obtaining funding.
Therefore, if Griffith is convicted of violating the IEEPA and may be facing up to 20 years in prison.