North Korea

Ethereum Developer Virgil Griffith to Be Released From Jail Pending Trial

According to Friday’s complaint, Griffith asked for – and was denied – permission to travel to North Korea in order to give the presentation, titled “Blockchain and Peace.” Moreover, the complaint said, Griffith subsequently “began formulating plans to facilitate the exchange of Cryptocurrency-1 between the DPRK and South Korea,” despite knowing that this would violate …

Ethereum Developer Virgil Griffith to Be Released From Jail Pending Trial Read More »

Developer faces prison time for giving blockchain talk in North Korea

Enlarge / Virgil Griffith. Lulu Lorien / Wikimedia The prominent hacker and Ethereum developer Virgil Griffith was arrested by the US government Friday after he spoke at an April conference on blockchain technologies in North Korea. The US government considers his presentation to be a transfer of technology—and therefore a violation of US sanctions. But Griffith’s …

Developer faces prison time for giving blockchain talk in North Korea Read More »

Crypto expert arrested for allegedly helping North Korea evade sanctions

Sponsored Links ED JONES/AFP via Getty Images North Korea has long been accused of using cryptocurrency to avoid sanctions, but the US is now accusing a man of giving the country some help American law enforcement has arrested crypto expert and Ethereum project member Virgil Griffith for allegedly providing North Korea with information on how …

Crypto expert arrested for allegedly helping North Korea evade sanctions Read More »

American Citizen Arrested For Educating North Korea On Blockchain And Crypto

Today United States prosecutors announced the arrest of Virgil Griffith, who allegedly traveled to the Democratic People’s Republic of Korea (DPRK) to deliver a presentation on how to use cryptocurrencies and blockchain technology to circumvent sanctions. According to the November 29 announcement, the 36-year-old Griffith was arrested at the Los Angeles International Airport, and will …

American Citizen Arrested For Educating North Korea On Blockchain And Crypto Read More »

UN Claims Hong Kong Blockchain Firm Is North Korean Laundering Sham

The United Nations Security Council’s Sanctions Committee on North Korea has accused the country of using a Hong Kong-based blockchain firm as a front to launder money.  As South Korean newspaper Chosun Ilbo reported on Nov. 6, the committee conducted an investigation into the various strategies allegedly employed by the North to evade sanctions using …

UN Claims Hong Kong Blockchain Firm Is North Korean Laundering Sham Read More »

Altcoins Soar, Zuckerberg Turns on Charm, North Korea’s Coin: Hodler’s Digest, Sept. 16–22

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Altcoins continue explosive bull run while Bitcoin stalls Not too …

Altcoins Soar, Zuckerberg Turns on Charm, North Korea’s Coin: Hodler’s Digest, Sept. 16–22 Read More »

North Korea Plans to Launch Cryptocurrency to Bypass Economic Sanctions

<header class=”article__header”> </header> <strong>A North Korean official claims that a Democratic People’s Republic of Korea (DPRK) cryptocurrency is on the horizon. According to a delegate for the Committee for Cultural Relations, Alejandro Cao de Benós, the country plans to forge a token backed by a physical commodity like gold and the digital asset’s main purpose …

North Korea Plans to Launch Cryptocurrency to Bypass Economic Sanctions Read More »

Meet the three North Korean hacking groups funding the country’s weapons programs

Enlarge / Hacking for their home country, we guess. The Trump administration is sanctioning three North Korean hacking groups widely accused of carrying out attacks that targeted critical infrastructure and stole millions of dollars from banks in cryptocurrency exchanges, in part so the country could finance its weapons and missiles programs. All three of the …

Meet the three North Korean hacking groups funding the country’s weapons programs Read More »

North Korea Denies It Hacked $2 Billion in Fiat and Crypto

North Korea has denied a recent U.N. report suggesting it was behind major hacks of banks and cryptocurrency exchanges that reaped around $2 billion for the nation’s weapons programs. Reuters reported on Sunday that a statement from the National Coordination Committee of the DPRK for Anti-Money Laundering and Countering the Financing of Terrorism accused the U.S. …

North Korea Denies It Hacked $2 Billion in Fiat and Crypto Read More »