BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

British Cryptocurrency Consultant Clarifies Reports of Arrest in North Korea

by BlockNews Team
February 27, 2023
in CRYPTO, MEDIA, POLITICS, SOCIAL
Reading Time: 3 mins read
A A
1
SHARES
23
VIEWS
Share on XShare in TelegramShare on Reddit
  • Before his detention in Moscow, Russia, Christopher Emms was released in Saudi due to insufficient evidence
  • The consultant was under the Interpol’s “red notice” after police discovered he provided instructions to North Koreans on laundering money through crypto
  • Emms might face 20 years in prison for violating the International Emergency Economic Powers Act

Reports of the arrest of British citizen Christopher Emms in Moscow on February 21 swiftly circulated due to Interpol’s demand to arrest him. He was under Interpol’s Red Notice board.

Local Russian media Ridus reported the situation only minutes after Emms’ detention.

In a rough translation, the report said, “The United States government claims that Emms and his two associates helped the North Korean government circumvent sanctions imposed by Washington. The US Department of Justice advised government members in Pyongyang to use cryptocurrency for money transfers worldwide. They even held a blockchain conference in the DPRK.”

In April 2022, Emms and Alejandro Cao De Benos, a Spanish partner, guided North Korean hackers on how they could use blockchain and cryptocurrency to launder money and evade sanctions, according to authorities. The two were responsible for organizing the 2019 Pyongyang Blockchain and Cryptocurrency Conference.

Virgil Griffith, the third wanted man and a former Ethereum developer involved in the conspiracy, was arrested by the FBI in November 2019. He pleaded guilty, and the court ordered him to 63 months in prison. If Emms is transferred to the hands of the FBI, he may be looking at 20 years in prison for getting involved in violating the International Emergency Economic Powers Act.

Previously, Due Process International founder Radha Stirling, who advocates human rights against international enforcers, attested that there was no substantial evidence against Emms: “Precisely because he did nothing wrong; he provided no information to North Korea that doesn’t already appear on the first page of Google.”

Recently, Saudi Arabia declined the extradition request to America and released Emms after receiving a travel ban for eight months. He then traveled to Russia, where he resided for the longest time until his apprehension. He gave the word on the Russia Today TV channel, saying he is “grateful to The Russian Federation” for allowing him to stay in the country until he obtains a permanent legal status.

North Korea Stole the Most Money in Crypto Last Year

Despite how the media portrays the country, North Korea invested more money in the crypto sector in 2022 than in any previous year. The United Nations said that cyber attackers from North Korea have progressed and have been advancing their hacking capabilities with unknown technology that can break through the current most formidable defenses in the crypto sector.

Data firm Chainalysis showed records that North Korean hackers stole $1.22 billion in 2022 and $428 million in 2021.

When the United Nations wanted an answer from the communist nation regarding the hacks, the North Korean authorities denied all involvement with the cyber attacks, especially with the notorious organization, the Lazarus Group.

Tags: cryptoMediaNorth KoreaRussiaUK
TweetShareShare
Previous Post

EA Games Founder Joins Web3 Gaming Startup ‘Games for a Living’

Next Post

US Under Fire for Allegedly Attempting to Quietly Prohibit Bitcoin, Ethereum, and Cryptocurrencies

DON'T MISS THESE! HOT OFF THE PRESS

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?
CRYPTO

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?

July 1, 2025
Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Load More

Related News

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?

July 1, 2025
Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.