Crypto Whiz Jailed Ahead Of North Korea Sanctions Trial

Law360, New York (July 20, 2021, 6:31 PM EDT) -- An Ethereum developer accused of scheming to boost North Korea's cryptocurrency capabilities in violation of U.S. sanctions was jailed Tuesday by a Manhattan federal judge, who said his recent attempt to access Ether assets suggested a risk of flight.

The remand order by U.S. District Judge P. Kevin Castel means Virgil Griffith likely will spend the next two months behind bars before his scheduled Sept. 21 trial on charges of conspiracy to violate sanctions.

"Alright, let's go," Griffith told two U.S. Marshals, who took him into custody after he removed his belt and had a quick huddle with his lawyers....

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