Former Ethereum dev Virgil Griffith asks for resentencing in North Korea case

cyptouser3 months agoCryptocurrencies News56
1205f261>

Former Ethereum developer Virgil Griffith, who was handed a 63-month prison term in 2022 for assisting North Korea in using blockchain technology, has requested a sentence reduction. 

The plea was made in a letter from Glen Garrett McGorty, an attorney representing Virgil Griffith, to Judge Kevin Castel of the United States District Court for the Southern District of New York on April 17.

The letter requests that the court revise Griffith’s sentence based on newly enacted revisions to U.S. sentencing guidelines, which provide a two-point offense level reduction for certain “zero-point” offenders.

Griffith was sentenced to 63 months and a $100,000 fine in April 2022 after pleading guilty to violating sanctions laws when he attended a conference in North Korea and assisted the state in using blockchain technology — despite economic sanctions imposed by the United States.

The letter argues that Griffith qualifies for a two-point reduction as a “zero-point" offender based on the criteria outlined in the revised guidelines.

Screenshot from a letter in United States v. Virgil Griffith. Source: Pacer

This reduction would lower his total offense level from 26 to 24, resulting in a revised guidelines range of 51 to 63 months — potentially shaving a year or more off his sentence.

The letter requests that the court order the U.S. Probation Office to draft a revised pre-sentence investigation report, schedule a resentencing hearing, and allow for a briefing schedule so the defense can provide updated information and arguments for their reduction request.

“The defense respectfully requests the opportunity to provide the Court with updated information which would counsel toward a sentence no greater than the lowest end of the new Guidelines range–51 months—if not lower.”

A “zero-point” offender is a first-time, non-violent offender whose crime meets certain criteria indicating a lower risk of recidivism compared to other lawbreakers.

Related: Railgun denies being used by North Korea as it nears $1B total volume

In May 2023, the U.S. Department of Commerce also imposed a 10-year export privilege ban on Griffith, who was serving the first year of his five-year sentence.

This means he was restricted from engaging in any transactions involving commodities, software, or technology that fall under the jurisdiction of U.S. export regulations.

Magazine: Lawmakers’ fear and doubt drives proposed crypto regulations in US

The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

Hong Kong based stablecoin FDUSD goes live on Binance with monthly audits

Hong Kong-based First Digital Group announced on July 26 that its stablecoin, First Digital USD (FDU...

ELI5:50 Explaining crypto liquidations - The world of spot and futures crypto purchases

Days like today often flash headlines of massive liquidations, while the terms ‘spot’ and ‘fut...

Price analysis 5/8: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Price analysis 5/8: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

55966e89˃Bitcoin (BTC) is witnessing a see-saw battle between the bulls and the bears. After receivi...

Bitcoin ‘dumb money sells’ as whales, sharks add 328K BTC in a month

Bitcoin ‘dumb money sells’ as whales, sharks add 328K BTC in a month

25cc9d4a˃Bitcoin is splitting hodler sentiment near all-time highs as coins migrate to larger player...

Ethiopia takes first step toward CBDC in economic reform

Ethiopia takes first step toward CBDC in economic reform

55966e89˃The National Bank of Ethiopia (NBE) has prepared two proclamations as part of an economic r...

Crypto platform Yield App shuts down citing FTX losses

Crypto platform Yield App shuts down citing FTX losses

55966e89˃Yield App, a Seychelles-incorporated crypto investment platform, announced on June 28 that...