Ethereum developer Virgil Griffith denied bail
“Griffith appeared in court yesterday. It was received decision to leave him in custody, ” said James Margolin, Chief of Public Information for the Southern District of New York. – He intends to appeal this decision. January 9 will be a separate hearing was held under the chairmanship of Judge Broderick “.
Griffith was arrested 28 November for alleged visit to North Korea to provide information, which could help the state get around sanctions for help cryptocurrencies and blockchain. According to the prosecution, by his actions the developer violated law “On economic powers in the event of international emergencies.” Potentially him can face up to 20 years in prison.
Besides Togo, according to prosecutors, Griffith misled the investigation on stages pre-trial proceedings when he did not disclose information about his residence in Puerto Rico. The detainee’s lawyer first said that is he rents a house, and then – who owns it. The lawyer also explained that Griffith’s residence in Puerto Rico is related to themes, what’s going on there active development of cryptocurrency space.