•   
  •   
  •   

Technology A US citizen is accused of trying to help North Korea evade sanctions

07:45  03 december  2019
07:45  03 december  2019 Source:   cnn.com

Xi and Kim hail 'immortal' China-North Korea relationship

  Xi and Kim hail 'immortal' China-North Korea relationship Chinese President Xi Jinping has promised to promote a "long-term, sound and stable" relationship with North Korea, state news agency Xinhua said Sunday, as the two countries mark 70 years of diplomatic relations. © Jung Yeon-je North Korean leader Kim Jong Un and Chinese President Xi Jinping exchanged letters North Korean leader Kim Jong Un also sent a message to Xi saying their countries' "invincible friendship will be immortal on the road of accomplishing the cause of socialism," said Pyongyang's state news agency KCNA on Sunday.

The US government amended sanctions against North Korea in 2018 to prohibit ' a US person, wherever located' from exporting technology to North Korea . Prosecutors said Griffith acknowledged that his presentation amounted to a transfer of technical knowledge to conference attendees.

Griffith is accused of traveling to North Korea via China after the U . S Then, in August of this year Griffith was caught messaging an uncharged individual with not only trying to move a cryptocurrency unit from South Korea to North Korea but also that he knew it would evade sanctions , the complaint

A US computer researcher appeared in federal court in Los Angeles on Monday, accused of advising North Korea how to use cryptocurrency to avoid sanctions, according to the United States Attorney's Office.

a flag hanging on a wall: The North Korean flag flies above the North Korean embassy in Kuala Lumpur, Malaysia.© NurPhoto/Getty Images The North Korean flag flies above the North Korean embassy in Kuala Lumpur, Malaysia.

Virgil Griffith, 36, who lives in Singapore, was arrested at the Los Angeles International Airport last week. A criminal complaint against him was unsealed Friday.

Griffith is a research scientist for the Ethereum Foundation, a Swiss-based cryptocurrency platform. In a statement, Ethereum told CNN Business it did not approve or support Griffith's travel to North Korea.

S Korea proposes meeting on dormant tour project with North

  S Korea proposes meeting on dormant tour project with North SEOUL, South Korea (AP) — South Korea on Monday proposed a face-to-face meeting with North Korea on the fate of a long-shuttered joint tourist project at a scenic North Korean mountain, as their relations remain cool over stalemated nuclear diplomacy. North Korean leader Kim Jong Un last week ordered the destruction of South Korean-built facilities at the North's Diamond Mountain resort, saying they look "shabby" and "unpleasant-looking." North Korean leader Kim Jong Un last week ordered the destruction of South Korean-built facilities at the North's Diamond Mountain resort, saying they look "shabby" and "unpleasant-looking." North Korea later proposed an exchange of documents to work out details.

UN experts have said North Korean hackers steal huge amounts of cryptocurrency to fund state activities. Visit Business Insider's homepage for more stories. The cryptocurrency community is up in arms after the arrest of an expert who was accused of helping North Korea evade US sanctions .

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

Griffith is accused of violating the International Emergency Economic Powers Act (IEEPA) by traveling to North Korea "in order deliver a presentation and technical advice on using cryptocurrency and blockchain technology to evade sanctions," according to a news release from the US Attorney's Office for the Southern District of New York.

In a statement to CNN Business after the Monday hearing, Griffith's attorney said his client has been released from jail pending trial.

"We dispute the untested allegations in the criminal complaint," attorney Brian Klein told CNN Business. "Virgil looks forward to his day in court, when the full story can come out."

The technology behind cryptocurrencies, known as blockchain, is a digital ledger and record made up of a list of transactions. The blockchain is powered by a decentralized network of computers that work on the same task.

North Korea Appears to Have Fired Missile, Japan Says

  North Korea Appears to Have Fired Missile, Japan Says North Korea appears to have fired off at least one missile on Thursday, Japan’s Coast Guard said, without providing further information. © Eric Lafforgue/Art In All Of Us/Corbis via Getty Images PYONGYANG, NORTH KOREA - APRIL 24: North Korean flag in the city, Pyongan Province, Pyongyang, North Korea on April 24, 2010 in Pyongyang, North Korea. (Photo by Eric Lafforgue/Art In All Of Us/Corbis via Getty Images) North Korea has tested a series of a ballistic missiles since May, with the last barrage being fired in late October.

“The consequences of North Korea obtaining funding, technology, and information to further its desire to build nuclear weapons put the world at risk,” FBI Prosecutors said Griffith later started work on making it easier to move cryptocurrency between North Korea and South Korea and encouraged

“ We cannot allow anyone to evade sanctions , because the The United States and the United Nations Security Council have imposed tight sanctions on North Korea to try to force the Later, Mr. Griffith told investigators that the information he shared with North Korean officials included basic

Data cannot be easily changed or deleted, helping to avoid fraud. Since it's a permanent record, and because the ledger is held by many entities, it's nearly impossible to hack.

The IEEPA prohibits US citizens from exporting goods, services or technology to other countries without a license from the Department of Treasury. North Korea is specifically mentioned as a threat in executive orders.

The US Attorney's Office alleges that Griffith traveled to North Korea through China in April to attend the Pyongyang Blockchain and Cryptocurrency Conference without approval of Treasury and despite being denied permission by the US State Department to travel to the country.

"We cannot allow anyone to evade sanctions, because the consequences of North Korea obtaining funding, technology and information to further its desire to build nuclear weapons put the world at risk," FBI Assistant Director-in-Charge William F. Sweeney Jr. said in the news release.

Man accused of helping North Korea evade US sanctions

  Man accused of helping North Korea evade US sanctions An American citizen has been accused of helping North Korea to evade U.S. sanctions, federal prosecutors in New York announced Friday. © The Hill Man accused of helping North Korea evade US sanctions Virgil Griffith has been charged with conspiring to violate the International Emergency Economic Powers Act, which allows the president to regulate foreign transactions due to threats or emergencies, according to a criminal complaint. The charge carries a maximum sentence of 20 years in prison.

prohibiting North Korean citizens from entering Japan.[2]. renewing the ban on North Korean ships Both of them and two other PRC nationals were accused of assisting terrorists and forging requires the US Treasury Department to determine whether North Korea should be listed as a U . S . President Donald Trump accused China and Russia of violating sanctions against North Korea .[41][42].

Federal prosecutors accused an American cryptocurrency expert of helping North Korea evade US sanctions with technical knowledge about blockchain "In allegedly doing so, Griffith jeopardized the sanctions that both Congress and the president have enacted to place maximum pressure on North

"It's even more egregious that a US citizen allegedly chose to aid our adversary."

During Griffith's presentation, called "Blockchain and Peace," at the cryptocurrency conference, he discussed how blockchain technology could benefit North Korea, according to the criminal complaint.

After the conference, he "began formulating plans to facilitate the exchange of cryptocurrency" between North and South Korea knowing that his assistance would violate sanctions against North Korea, the complaint said.

He also announced his intention to renounce his US citizenship and encouraged other US citizens to travel to North Korea, the complaint states.

If convicted of violating the IEEPA, Griffith faces a maximum sentence of 20 years in prison, the US Attorney's office said.

-- CNN's Laura Ly, Gianluca Mezzofiore and Mirna Alsharif contributed to this report.

North Korea leader promises look at new weapon soon .
North Korean leader Kim Jong Un has accused the Trump administration of dragging its feet in nuclear negotiations and warned that his country will soon show to the world a new strategic weapon. © ASSOCIATED PRESS People watch a TV screen showing an image of North Korean leader Kim Jong Un during a news program at the Seoul Railway Station in Seoul, South Korea, Tuesday, Dec. 31, 2019.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!