US strips Ethereum dev Virgil Griffith of export privileges for 10 years
The export privilege ban comes from Griffith’s conviction and further impacts his involvement in international trade and transactions. The Department of Commerce has imposed a 10-year export privilege bar on Virgil Griffith, an Ethereum developer currently serving a five-year prison sentence. This bar restricts him from enjoying export privileges until April 12, 2032. The export privilege ban affects his ability tonparticipate in international trade and business. On April 12, 2022, Virgil Griffith was convicted in the US District Court for the Southern District of New York for breaching the IEEPA. Griffith was found guilty of unauthorized export of services to North Korea and circumventing U.S. sanctions imposed on North Korea. U.S. Attorney Geoffrey S. Berman accused Griffith of knowingly sharing technical information with North Korea that could aid in money laundering and evading sanctions, according to a statement. As a result of his conviction, Griffith has been sentenced to 63...