- Ethereum developer and early contributor Virgil Griffith has received an early release after nearly five years in prison for violating U.S. sanctions on North Korea.
- According to the U.S. government, the researcher violated the IEEPA by sharing highly technical information with North Korea.
Virgil Griffith, born in 1983 in Birmingham, was a former Ethereum developer who made headlines when he was sentenced to 63 months in prison for violating U.S. sanctions. On Wednesday, U.S. District Court Judge P. Kevin Castel from New York gave the green light for his release. His legal troubles began after he attended a North Korean cryptocurrency conference in Pyongyang in April 2019.
During the event, Griffith allegedly demonstrated how blockchain technology and cryptocurrency can be utilized to circumvent global sanctions to facilitate transactions beyond the control of global authorities. This activity later led to his arrest in November 2019, when the U.S. government indicted Griffith for conspiring to break the International Emergency Economic Powers Act (IEEPA).
Charges and Sentencing
Griffith pleaded guilty to these charges in September 2021 after his arrest. He was sentenced in April 2022 and given a 63-month imprisonment sentence and a fine of $100,000. In addition to his imprisonment, Griffith was given additional penalties. The U.S. Department of Commerce imposed a 10-year export ban on Griffith in May 2023, restricting him from engaging in any dealings involving U.S. goods, software, or technology, particularly those regulated for export, for the first year of his incarceration.
In April 2024, Griffith’s lawyers filed a motion for sentence reduction. The motion referred to recent changes in United States sentencing guidelines that provided a potential reduction in Griffith’s guideline range of 63 to 78 months to 51 to 63 months. This change provided the possibility of an early release as soon as January 2025, especially considering Griffith’s lack of prior criminal history.
Griffith’s actions, particularly his actions in North Korea, have been controversial within the cryptocurrency space. While some viewed Griffith as a pioneer in pushing the decentralized ideals of blockchain technology, with some even terming him a “freedom fighter” for trying to spread blockchain knowledge, others have highlighted the danger involved in his actions, terming it irresponsible and dangerous to provide aid to a regime known for human rights offenses.
One user noted, “Virgil Griffith’s skills and knowledge were once valuable to the Ethereum project,” while another asked, “Was the prosecution fair, or was crypto the scapegoat?” Griffith’s release, set to take place shortly after the August 2 order, marks the end of a controversial chapter in both his life and the history of cryptocurrency.
Meanwhile, Ethereum is priced at $1,567 after surging by 5.47% in the past 24 hours. Crypto analyst Ali Martinez says, “Ethereum is nearing a critical zone that has historically marked market bottoms and offered strong buying opportunities.”
