Ethereum Developer Virgil Griffith Released After Serving Reduced Sentence
Ethereum developer Virgil Griffith has been freed from jail following a reduction in his original sentence. Griffith was imprisoned for presenting at a blockchain conference in North Korea, an act U.S. prosecutors claimed could aid the country in evading sanctions. After pleading guilty to conspiracy in 2021, his sentence was shortened from 63 to 56 months. This development raises questions about the intersection of blockchain technology, international law, and free speech in the crypto space.
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.
