A federal official says that Ethereum (ETH) researcher Virgil Griffith has admitted to violating the U.S. International Emergency Economic Powers Act by assisting North Korea to evade sanctions.
In a statement, United States Attorney for the Southern District of New York Audrey Strauss says that Griffith has pled guilty to helping the Democratic People’s Republic of Korea (DPRK) use cryptocurrency and blockchain technology to launder money and evade sanctions.