Ethereum developer Virgil Griffith was taken into custody
According to Inner City Press, a federal court ruled to arrest the Ethereum developer Virgil Griffith for violating bail conditions.
As you know, the US prosecutor’s office accused Griffith of violating the conditions of bail, as he allegedly attempted to gain access to a frozen account with a million dollars in cryptocurrency.
The department believed that Griffith intended to escape and therefore tried to gain access to the account.
According to the US Attorney’s Office, the programmer allegedly tried to access his cryptocurrency account on Coinbase with the help of his mother.
Under the terms of bail, Griffith was not allowed to perform any actions related to cryptocurrency, even to enter his wallet. He also had to remain under the house arrest while living with his parents in Alabama.
Griffith’s lawyer argued that this was a misunderstanding since a developer with a PhD in computing and neural systems from the California Institute of Technology does not need “mom’s help” to do this.
He was initially charged with conspiracy to violate the International Emergency Economic Powers Act. According to the US authorities, Griffith advised the North Korean authorities on how to get around the sanctions with the help of cryptocurrency when he was at a blockchain conference in Pyongyang in April 2019. After his return, he was arrested.
At the end of December 2019, the court denied bail for Griffith. But later, the approval of the authorities was obtained and Griffith was released on bail in the amount of $1 million.
Judge Castel of the US District Court for the Southern District of New York confirmed that Griffith took a risk of gaining the access to his accounts due to the spike of Ethereum. And then he was ordered to take the programmer into custody since the risk of his escape is significant.
If found guilty on conspiracy charges, Griffith could face up to 20 years in prison.