. Military Space News .
NUKEWARS
US crypto expert jailed 63 months for helping N.Korea
by AFP Staff Writers
New York (AFP) April 12, 2022

A US cryptocurrency expert was sentenced Tuesday to 63 months in prison for advising North Korea on how to create cryptocurrency services and blockchain technology to circumvent US sanctions over its nuclear program, court officials in New York said.

Virgil Griffith, 39, had pleaded guilty to conspiring to violate US law, in a bid to reduce the sentence for a crime that can carry up to 20 years behind bars.

Prosecutor Damian Williams said "there is no question North Korea poses a national security threat to our nation, and the regime has shown time and again it will stop at nothing to ignore our laws for its own benefit.

He said that Griffith had "admitted in court he took actions to evade sanctions, which are in place to prevent (North Korea) from building a nuclear weapon."

In April 2019 Griffith gave a presentation in Pyongyang, the North Korean capital, on cryptocurrency and blockchain technology. He was arrested at Los Angeles airport in November the same year.

At the conference, Griffith provided information on how North Korea could use the technology to launder money and evade sanctions, including through "smart contracts," according to the court.

The prosecution said that after the presentation, Griffith "pursued plans to facilitate the exchange of cryptocurrency between the Democratic People's Republic of Korea and South Korea, despite knowing that assisting with such an exchange would violate sanctions against the DPRK."

The United States prohibits the export of goods, services or technology to North Korea without special permission from the Treasury Department's Office of Foreign Assets Control.

In addition to 63 months in jail, Griffith will spend three years on probation.

Griffith holds a doctorate from the California Institute of Technology and has also worked on Ethereum, a Singapore-based global platform with blockchain technology for business and financial use, which has a cryptocurrency named after it.


Related Links
Learn about nuclear weapons doctrine and defense at SpaceWar.com
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


NUKEWARS
NKorea could hold nuclear test on coming anniversary: US envoy
Washington (AFP) April 6, 2022
Pyongyang is ignoring US overtures for talks and could be planning its first nuclear weapon test in nearly five years for its April 15 holiday, the State Department's top North Korea envoy said Wednesday. Sung Kim, the Special Representative for North Korea Policy, said Washington thinks Pyongyang could be planning a big show of its growing nuclear weapons capacity on the annual holiday next week, which will celebrate the 110th anniversary of the birth of Kim Il Sung, who founded the modern Democrat ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

NUKEWARS
US approves $95 million sale of missile defense support to Taiwan

Lockheed Martin demonstrates layered missile defense for US Army

MDA and US Army test integration of THAAD and Patriot missile defense

Germany mulling Israeli anti-missile shield purchase

NUKEWARS
Russia hits Kyiv missile factory after flagship sunk

Slovakia gives S-300 air defence system to Ukraine

Second Successful Flight for DARPA Hypersonic Air-breathing Weapon Concept (HAWC)

US tests hypersonic missile

NUKEWARS
Unmanned aerial vehicles used to bolster supply of food, medicine

Drone that crashed in Zagreb carried a bomb: official

Lockheed Martin Stalker VXE UAS completes a world record 39-hour flight

AFRL to highlight UAS and AFWERX programs at AUVSI XPONENTIAL

NUKEWARS
Northrop Grumman developing sovereign secure communication capability for Australia

Chinese satellites achieve V-band low orbit measurement

York Space Systems wins 2nd major contract from Space Development Agency

Northrop Grumman and AT&T collaborate to for 5G-enabled defense systems

NUKEWARS
Bolsonaro downplays Brazil army's Viagra order

Brazilian army's Viagra order draws quips, scrutiny

Novel, breakthrough warfighting capabilities discussed by DOD officials

At Northrop Grumman creativity guides innovation

NUKEWARS
Nigeria wins US green light for $1 bn attack helicopters

Germany to provide over 1 billion euros' military aid to Ukraine

Canada boosts military spending in response to Ukraine war

US arrests 'yakuza chief' who sought missiles for Myanmar, Sri Lanka rebels

NUKEWARS
China must 'pay price' for Russia backing, says US senator in Taiwan

Resentment of the West driving Vladimir Putin's barbarism in Ukraine

Roscosmos Chief on ESA Suspension of Joint Work on Moon: 'Good Riddance'

Finland 'highly likely' to apply to join NATO: minister

NUKEWARS
Seeing more deeply into nanomaterials

Atom by atom: building precise smaller nanoparticles with templates

Ring my string: Building silicon nano-strings

Nanotube films open up new prospects for electronics









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.