Skip to content
Bitcoin Trivia

Bitcoin Trivia

  • Home
  • News
  • Crypto
  • Analysis
  • Bitcoin
  • Contact
  • Toggle search form

Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia

Posted on February 23, 2023 By Caden

A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets.

U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel

The Russian Bureau of Interpol has arrested a British man wanted by Interpol at the request of the United States, the Russian Telegram channel Baza revealed . Authorities in the U.S. claim he was assisting North Koreans in efforts to circumvent sanctions using crypto.

The 31-year-old Christopher Emms, who is accused of committing fraud against the U.S. government, was detained in the hostel where he was staying. The International Criminal Police Organization issued a ‘red notice’ arrest warrant for him in the beginning of February. Its announcement details:

Christopher Douglas Emms is wanted for allegedly conspiring to violate the International Emergency Economic Powers Act (IEEPA).

More specifically, he was conspiring to violate United States sanctions on the Democratic People’s Republic of Korea (DPRK) by working with an American citizen to illegally provide cryptocurrency and blockchain technology services to the DPRK.

In early 2018, Emms, who is a crypto businessman, planned and organized the “Pyongyang Blockchain and Cryptocurrency Conference,” the agency explained. He also recruited a cryptocurrency expert from the United States and arranged his travel to the country in April of 2019 for the event.

Both answered questions about blockchain and crypto technologies from the North Korean audience, including persons working for the government in Pyongyang. They also proposed plans for creating smart contracts for the DPRK and mapped out crypto transactions designed to avoid U.S. sanctions.

READ  Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees

Despite Emms taking steps to conceal their activity, the American crypto expert was arrested in November 2019, which disrupted the scheme. The Brit and his co-conspirator Alejandro Cao de Benós, a Spanish political activist with close ties to North Korea, never obtained permission from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to provide services to the DPRK, as required by U.S. law.

A federal arrest warrant was issued for Christopher Emms in the United States District Court, Southern District of New York, on Jan. 27, 2022, after the British citizen was charged with conspiracy to violate the IEEPA.

Interpol also said that Emms is known to have resided in the United Arab Emirates (UAE) and had been in Saudi Arabia in or about March, 2022. He also had various business interests in multiple jurisdictions, including UAE, Malta, Gibraltar, and throughout Europe. Baza noted that apparently he decided to wait out the turbulent times in Russia where he is now under arrest.

North Korea is believed to have stolen a record amount of cryptocurrency last year, according to a draft U.N. report. An estimate quoted by the authors, independent sanctions monitors, suggests that the total value of the virtual assets obtained by hackers linked to the DPRK in 2022 is greater than in any previous year and exceeds $1 billion.

Do you think Russia will extradite Christopher Emms to the United States? Share your thoughts on the case in the comments section below.

American, Arrest, Arrested, Blockchain, blockchain technologies, Brit, British citizen, Briton, Crypto, crypto entrepreneur, crypto technologies, Cryptocurrencies, Cryptocurrency, detained, evasion, INTERPOL, News, north korea, pyongyang, Russia, russian, Sanctions, U.S., US Tags:American, Arrest, Arrested, Blockchain, blockchain technologies, Brit, British citizen, Briton, Crypto, crypto entrepreneur, crypto technologies, Cryptocurrencies, Cryptocurrency, detained, evasion, INTERPOL, News, north korea, pyongyang, Russia, russian, Sanctions, U.S., US

Post navigation

Previous Post: Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens
Next Post: IMF Calls for ‘More’ Crypto Regulation — Says Banning Should Be an Option

Related Posts

  • Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase All time high
  • Bitcoin Network Braces for Notable Difficulty Increase in 3 Days All time high
  • Fintechs Accounted for Over 30% of Tracked Kenyan Tech Startups in 2022 — Study agri-tech
  • Investment Fund Focused on Crypto Mining to Be Created in Russia Bank of Russia
  • Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians Bankruptcy
  • Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens Altcoin Development

Recent Posts

  • US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner
  • Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011
  • Mike Novogratz Warns of Credit Crunch in US and Globally — Expects Fed to Cut Rates ‘Sooner Than We Think’
  • Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back Above $25,000
  • Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

Our Social

  • Pinterest
  • YouTube
  • LinkedIn
  • Twitter
  • Facebook
  • Terms and Conditions
  • Cookies Policy
  • Privacy Policy
  • Contact

FEED / RSS | Sitemap

  • Bitcoin (BTC)
  • Digital Currency
  • Central Bank
  • Bitcoin Price
  • Price
  • Altcoins
  • Analysis
  • Anonymous
  • Apps
  • APT
  • News
  • Crypto
  • Cryptocurrency
  • Market Updates
  • Regulation
  • Analysis
  • Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Mining

Copyright © 2023 Bitcoin Trivia.