2 Europeans Charged in Connection to Virgil Griffith's North Korea Case

Trending 3 weeks ago 15

The U.S. Department of Justice announced connected Monday the indictment of 2 Europeans for allegedly collaborating with Virgil Griffith, a cryptocurrency researcher who was precocious sentenced to situation for providing cryptocurrency and blockchain exertion services to North Korea, Reuters reported.

The 2 defendants are Alejandro Cao de Benos from Spain, who founded a pro-Pyongyang affinity organization, and Christopher Emms, a British cryptocurrency investor.

The US attorney’s bureau of the Southern District of New York has said that the 3 person been allegedly progressive successful helping North Korea to evade U.S. sanctions.

Prosecutors from the U.S. allege Emms and Alejandro Cao de Benos instigated Griffith to disseminate blockchain and cryptocurrency exertion to North Korean authorities officials and world professors astatine the Pyongyang Blockchain and Cryptocurrency Conference successful April 2019 and thatch them however to usage the exertion to evade sanctions and launder money.

In a statement, U.S. Attorney Damian Williams said the determination was "designed to deter North Korea's hostile atomic ambitions and support U.S. information interests."

American cryptocurrency researcher Virgil Griffith was convicted blameworthy and sentenced to 5-1/4 years successful situation connected April 12.

Cao de Benos and Emms could look up to 20 years successful situation if convicted, but some parties are astatine ample and missing currently.

North Korea is nether the US economical sanctions for continuously investigating prohibited nuclear-capable missiles. 

Reports person stated that North Korea has been utilizing cryptocurrency and blockchain exertion to evade US sanctions meant to halt North Korea’s hostile atomic ambitions.

According to a January 2022 study from Blockchain.News citing blockchain investigation steadfast Chainalysis, North Korean hacks connected the cryptocurrency platforms jumped from 4 to 7 extracting astir $400 cardinal worthy of integer assets implicit the past year.

Image source: Shutterstock