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Virgil Griffith Should Return to Jail Pending Trial, Prosecutors Tell Judge
The Ethereum developer was arrested in 2019 and charged with helping North Korea get around U.S. economic sanctions.
Virgil Griffith, the Ethereum developer charged with violating U.S. sanctions law in North Korea, has violated his bail conditions and should be returned to jail, U.S. prosecutors wrote to the judge presiding over the case.
- Griffith has posed a serious flight risk since his arrest, the prosecutors wrote in their request, and his recent attempt to access one of his frozen cryptocurrency accounts containing $1 million has increased that risk to an "unacceptable level."
- Griffith was arrested in November 2019 and charged with helping North Koreans circumvent U.S. economic sanctions via cryptocurrency.
- Prosecutors in the Southern District of New York allege Griffith violated the International Emergency Economic Powers Act by giving a speech in April 2019 at the Pyongyang Blockchain and Cryptocurrency Conference on how to use cryptocurrency to get around U.S. sanctions.
- Griffith’s lawyers has argued his First Amendment rights under the U.S. Constitution protected him and that he did not render North Korea any “services” because he received no compensation for the speech.
- The government's lawyers seek a conference on their request at the earliest possible time.
- Jason Gottliebhttps://www.morrisoncohen.com/jgottlieb, a partner and head of Morrison Cohen's White Collar and Regulatory Enforcement practice group, took to Twitter to criticize the government's request to have Griffith return to jail to await his trial, calling the prosecutors "incredibly heavy handed and punitive."
(Remand for non-violent crime allegations is generally silly and over-punitive, no matter who the defendant is. Criminal justice reform on this point is overdue!)
— Jason Gottlieb (@ohaiom) July 10, 2021
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
