Virgil Griffith, the entrepreneur who was arrested in on 29th November at the Los Angeles airport, has been released on bail until the trial.
Brian Klein, the lawyer of the crypto and blockchain educator tweets,
I now represent Virgil Griffith and am very pleased that today the judge found that he should be released from jail pending trial.
The defense is preparing to fight against all charges imposed by the Federal dept. on Griffith. According to Klein, the defense is looking forward to the trail “when the full story can come out.”
Su Zhu, the CEO/CIO of Three Arrows Capital, points out that Klein is an excellent lawyer and provides Griffith with a good chance. Brian Klien settled Block.one’s case against the SEC for their EOS security offering.
Vitalik Refuses to Throw Griffith ‘Under the Bus’
Vitalik Buterin, the co-founder of Ethereum, notes that Virgil was warned about his visit by his peers at the Ethereum Foundation. However, Virgil went ahead with it regardless, while the Foundation had absolutely no role in his visit. Vitalik said,
it was Virgil’s personal trip that many counseled against
Also Read: Italian Co-worker Offers to Testify in US Court for Virgil Griffith
Nonetheless, Vitalik also refuses to throw Virgil “under the bus.” He expresses support for him and all talks about Virgil’s virtues and thought processes. According to Vitalik,
I don’t think what Virgil did gave DRPK (Democratic People’s Republic of Korea) any kind of real help in doing anything bad. He *delivered a presentation based on publicly available info about open-source software*. There was no weird hackery “advanced tutoring.”
Where did he go wrong?
According to US laws, a person needs to obtain the permission of the Federal Government to share any kind of goods, services, or technology with sanctioned nations.
Moreover, during his visit, Virgil has discussed ways that could promote help in money laundering and evading sanctions.
Hence, it seems like Virgil chose the wrong country to share his knowledge about crypto. The FBI appears to have a case that looks to set an example for people who are holding ties with North Korea. The charges against him reveal,
Despite that the U.S. Department of State had denied GRIFFITH permission to travel to the DPRK, GRIFFITH presented at the DPRK Cryptocurrency Conference, knowing that doing so violated sanctions against the DPRK
However, viewing adversity in his negligence can come under extreme nationalist behavior, which is also harmful to globalization. Many would confirm that Virgil’s presentation was completely harmless. Regardless, he seems to have broken the geopolitical laws of the US. Now, how sternly the judge feels about it will decide his fate.
Do you think Virgil will be let off with a warning, or he will face prison time? Please share your views with us.
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Nivesh Rustgi , 2019-12-03 05:06:11 ,