Ethereum Developer Virgil Griffith Back in Jail in the US
He is charged with helping North Korea circumvent sanctions through the use of crypto.
Prominent Ethereum developer Virgil Griffith has been remanded in custody, Inner City Press, a public interest organization that's known for investigating the banking industry, reported Wednesday.
- The developer was previously charged for violating U.S. sanctions law in North Korea by assisting the Communist country in circumventing sanctions through the use of crypto.
- U.S. prosecutors have been arguing Griffith should be returned to jail after violating his bail conditions earlier this month.
- It is unclear whether Griffith is being remanded based on his violation of bail conditions or something else.
- CoinDesk attempted to contact Griffith's lawyer, but has yet to receive a reply.
- Jason Gottlieb of Morrison Cohen LLP, a lawyer not representing Griffith, previously said "it is insane to remand someone to custody for this purported bail violation. The prosecutors are being incredibly heavy-handed and punitive."
Virgil Griffith was surrounded by two US Marshals and took off his belt before being taken into the holding cell. His lawyer Mr. Klein, when the Press asked, said he had no comment. Virgil's father, whom Inner City Press previously spoke with, nodded. Podcast soon pic.twitter.com/4qPH0K3nVE
— Inner City Press (@innercitypress) July 20, 2021
Read more: Virgil Griffith Should Return to Jail Pending Trial, Prosecutors Tell Judge
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
