Ethereum Developer Virgil Griffith Released After Reduced Sentence for North Korea Conference
Ethereum developer Virgil Griffith has been freed from jail after serving a reduced sentence of 56 months. Griffith was initially sentenced to 63 months for presenting at a blockchain conference in North Korea, which U.S. authorities claimed could aid the country in evading sanctions. His release marks the end of a high-profile case that raised questions about the intersection of blockchain technology and international compliance.
Ethereum Developer Virgil Griffith Freed from Jail
Ethereum developer Virgil Griffith has been released from jail after serving a reduced sentence. He was originally imprisoned for giving a presentation at a blockchain conference in North Korea, which prosecutors alleged provided technical information that could help the country evade U.S. sanctions. Griffith pleaded guilty to conspiracy in September 2021 and was initially sentenced to 63 months, but this was reduced to 56 months last summer.
Bybit Recovers 7% Of Market Share After Largest Crypto Attack
After experiencing the largest hack in crypto history on February 21, 2025, where Bybit lost over 1.4 billion dollars in crypto, primarily in liquid Ether (stETH) and Staked ETH Mantle (mETH), the exchange has managed to regain 7% of its market share. This feat is remarkable considering the challenging economic context and the loss of user trust. According to a recent report from Block Scholes, Bybit’s market share had fallen to a low of 4% after the incident but has since risen due to gradual regain of user trust.
Ethereum (ETH) Price Prediction: $1,000 Target Still in Play
The overall cryptocurrency market has been confusing traders and investors due to its immense volatility over the past 24 hours. Amid this, an Ethereum (ETH) price prediction is a key topic. Following a 90-day pause on tariffs, the cryptocurrency market witnessed a notable upside rally, with ETH recording a price surge of over 20%. However, on April 10, 2025, these gains faded and the trend turned negative after the release of the United States CPI report. Technical analysis suggests ETH appears bearish.
Did Ethereum Price Avert A Full-Blown Crash?
As the markets recovered over the past day, Ethereum’s price climbed over $1500. However, ETH recently underwent intense bearish pressure, nearing its crucial $1,200 support. The top altcoin’s price decline was due to whale-led market selloff, declining funds from Ethereum ETFs, and general economic conditions. Market experts recognize $1,200 as a major support area, and a deeper price rejection is possible if Ethereum cannot maintain positions above this level. Notably, whale activity played a significant role in Ethereum’s recent decline, with the World Liberty Financial Trust (WLFI), linked to Donald Trump, liquidating 5,471 ETH.
Trump’s World Liberty Financial Denies Selling Off Ethereum Stash
The Trump family’s crypto platform, World Liberty Financial (WLFI), has denied selling off millions worth of Ethereum (ETH) earlier this week at a massive loss. A company representative dismissed reports to that effect as “wholly inaccurate,” stating that WLFI has not sold any positions as currently reported. The speculation arose from reports that cited data from on-chain intelligence firm Arkham, which tagged a wallet linked to WLFI. The reports claimed that the project sold $8 million worth of ETH amid market tumult caused by President Donald Trump’s oscillating tariff policies.
Eve Frontier: Space Survival Game on Ethereum
Legendary game developer CCP Games has unveiled Eve Frontier, a space survival game set in the Eve Online universe with blockchain integration. Initially known as Project Awakening, Eve Frontier shares similarities with Eve Online but focuses more on survival and allows players to use crypto tokens and blockchain code to impact and reshape the game. With CCP Games behind it, Eve Frontier could be one of the first triple-A blockchain games. Players can start playing by purchasing a Founder Access pack.
