Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Griffith was charged with violating sanctions law by giving a cryptocurrency and blockchain presentation at a North Korean conference in 2019.

AccessTimeIconSep 28, 2021 at 3:50 p.m. UTC
Updated May 11, 2023 at 5:13 p.m. UTC

Virgil Griffith, the Ethereum developer charged with violating U.S. sanctions law, has pleaded guilty in an agreement with federal prosecutors.

Griffith pleaded guilty to one charge of conspiracy to violate the International Emergency Economic Powers Act on Monday in a New York courthouse. The plea deal could see him serve between 63 and 78 months in prison. He will be sentenced in January 2022.

Brian Klein, Griffith’s attorney, said in a statement, “Virgil is deeply remorseful. Setting aside what happened, he has made important contributions to society that we will raise with the court. He also has many wonderful qualities, and no one should define him by this mistake.”

The developer was arrested in November 2019 after giving a presentation on cryptocurrency and blockchain at a North Korean cryptocurrency conference in April that yearHe also agreed to a forfeiture clause, though details were not released at press time. A 2019 charging document calls for the forfeiture of any proceeds Griffith earned from giving the presentation.

While Griffith was originally released on bail in 2020, he is currently in jail on allegations of trying to violate his bail conditions. Griffith tried to access his Coinbase holdings to pay his attorneys earlier this summer, which prosecutors said violated the terms of his agreement.

After entering a guilty plea, Griffith’s lawyers requested he be moved from Metropolitan Correctional Center to Essex County Correctional Facility in Newark, N.J., citing “very difficult” conditions at MCC, which is known for being dilapidated and dangerous for inmates.

Griffith, known for his normally bright and gregarious personality, was somber and emotional in court. When asked by the judge how he was feeling, Griffith said he had been doing daily “meditational training” and and was “acutely aware of how awful [he was] feeling.”

IEEPA charge

He was charged with violating a pair of executive orders that prohibit some types of transactions and activities in North Korea, including exporting services by U.S. persons. As a U.S. citizen, Griffith qualifies as a U.S. person, though his primary residence was in Singapore before his arrest.

At the center of the allegations was a presentation Griffith gave to the North Korean conference. While the specifics of the presentation have not been released, attorneys who commented on the case noted that much of the material may have already been public.

However, that may not have mattered for the prosecution.

Monday’s agreement caps off nearly two years of legal back-and-forth between attorneys for the prosecution and Griffith. Defense attorneys repeatedly requested clarity about the charges being brought, according to public filings.

Griffith’s plea deal came as a surprise, as both prosecutors and Griffith’s defense team have been preparing for a trial. A jury was finalized Monday morning.

Documents filed in the case indicate that the decision to reach a plea agreement was reached over the weekend.

UPDATE (Sept. 27, 2021, 15:30 UTC): Updated with additional context.

UPDATE (Sept. 27, 2021, 18:08 UTC): Added Griffith’s comment and information regarding plea agreement.

UPDATE (Sept. 27, 2021, 20:15 UTC): Adds statement from Griffith’s attorney.

Nikhilesh De contributed reporting.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Cheyenne Ligon

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.