#North Korea News

Sanctioned Chinese Nationals Laundered Money for North Korean Hackers

March 3, 2020 by Anthonia Isichei at Regulation

The Office of Foreign Assets and Control (OFAC) the enforcement body of the U.S. Treasury Department, sanctioned two Chinese nationals who played a part in laundering illicit funds linked to a crypto exchange hack. Chinese Nationals Funneled Funds for North Korean Crypto Exchange Hackers According to an official press release...

Virgil Griffith Pleads Innocence to North Korea Sanctions Violation Charges

January 31, 2020 by Osato Avan-Nomayo at Regulation

Former Ethereum Foundation member, Virgil Griffith has pleaded not guilty to conspiracy charges filed against him by the U.S. Attorney’s office. Griffith who is accused of aiding North Korea in evading sanctions faces a maximum of 20 years in prison if found guilty. Ex-Ethereum Foundation Member Claims Innocence According to...

Kim Jong Un Hacking a laptop with glasses on

UN Warns Public Not to Attend Crypto Conference in North Korea

January 15, 2020 by Osato Avan-Nomayo at Bitcoin

The United Nations (UN) is warning crypto-enthusiasts not to attend a cryptocurrency conference slated to be held in North Korea. Like the U.S., the UN maintains that attending tech conferences in North Korea amount to a violation of international sanctions. UN Blocks Path To North Korea Crypto Conference According to...

Virgil Griffith Finally Released on Bail

January 10, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

Virgil Griffith, a former researcher and scientist at the Ethereum Foundation (EF) has been released on bail after being held for ten days. Griffith's long overdue stay in custody occurred a day after his indictment for conspiracy charges, and in the face of a U.S. District Judge granting him bail,...

United States: Ex-Ethereum Foundation Member Virgil Griffith Indicted

January 9, 2020 by Osato Avan-Nomayo at Ethereum

The U.S. government has formally brought up charges against Virgil Griffith, a former researcher and scientist at the Ethereum Foundation. Griffith ran into trouble for traveling to North Korea to attend a crypto and blockchain conference after having been denied permission to travel by the U.S. State Department. Grand Jury...

Ethereum in a machine of cogs Dapp and bank-threatening ideas

U.S. District Judge Grants Griffith Release Under $1 Million Bond

December 31, 2019 by Aisshwarya Tiwari at Ethereum

Former Ethereum Foundation researcher Virgil Griffith is poised to be released to his parents’ home in Alabama, U.S., given he meets some pre-release conditions, District Court Judge Vernon Broderick made the ruling, December 30, 2019. Griffith’s Homecoming Griffith, a former researcher at Ethereum Foundation has been released on a $1...

Ethereum Foundation Researcher Arrested by FBI for Allegedly Helping North Korea Evade U.S. Sanction

November 30, 2019 by Ashwath Balakrishnan at Ethereum

Virgil Griffith, a research scientist with the Ethereum Foundation and citizen of the United States, has been arrested under the International Emergency Economic Powers Act in line with the accusation that Griffith helped North Korea understand how they can use cryptocurrency to evade United States economic sanctions on their country....

North Korea Developing own Cryptocurrency to Circumvent U.S. Sanctions

September 19, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

North Korea is hatching plans to develop its own cryptocurrency. Though the project is in its early stages, the digital currency is being designed to function like bitcoin and other cryptocurrencies and would enable the nation to circumvent crippling international sanctions, reports VICE on September 18, 2019. North Korea Fighting...

U.S. Treasury Sanctions Notorious North Korean Hacking Groups

September 16, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed strict sanctions on “Lazarus,” “Bluenoroff,” and “Andariel,” three North Korean state-run hacking groups that have allegedly hacked several bitcoin trading venues, banks and other financial institutions, in an effort to fund the region’s nuclear weapons...

Kim Jong Un Smiling next to North Korea Flag Skull Crossbones Nuclear

United Nations Report Indicates that North Korea’s Nuclear Weapons were Funded by Cyber Attacks

August 6, 2019 by Ashwath Balakrishnan at Tech

A privileged United Nations report confirms what everybody was suspecting so far: North Korea has been funding their nuclear program through orchestrated cyber-attacks from hacker groups set up and funded by the government. Reportedly, the cyber attacks have yielded North Korea almost $2 billion in random. The report further suggests...

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