Indicted Ethereum Foundation developer Virgil Griffith is headed back to jail to await another day in court after a judge ruled he breached bail condi

Ethereum dev Virgil Griffith back in jail after checking $1M Coinbase account

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2021-07-23 07:30:04

Indicted Ethereum Foundation developer Virgil Griffith is headed back to jail to await another day in court after a judge ruled he breached bail conditions by accessing his Coinbase account, reports Law360.

Griffith was arrested and charged with conspiracy to violate the International Emergency Economic Powers Act (IEEPA) in November 2019 after he travelled to North Korea to give a talk on blockchain and crypto.

As part of his bond deal, Griffith’s internet use was heavily restricted. However, in May Griffith allegedly attempted to access his ETH held by Coinbase, which now reportedly totals about $1 million.

According to District Judge P. Kevin Castel, the significant hike in the value of Griffith’s Ether may be what prompted him to check his account.

The Ethereum Foundation dev was arrested over a year ago after US authorities claimed then-36-year-old’s conference presentation contained info that North Korea could leverage to launder money and skirt sanctions.