Billions In Crypto Fraud Revealed; American Arrested Over Blockchain In North Korea
On the Friday after Thanksgiving, the DOJ announced the arrest of Virgil Griffith, a U.S. citizen accused of presenting on using cryptocurrency and blockchain technology to evade sanctions at the Pyongyang Blockchain and Cryptocurrency Conference in April, even though the U.S. Department of State had denied Griffith permission to travel to North Korea.
With this case, the Department of Justice appears to be signaling the level of concern law enforcement now has with respect to the power of cryptocurrency and blockchain to disrupt the effectiveness of U.S. sanctions as a foreign policy tool.