Following the hearing Monday afternoon, Brian Klein of Baker Marquart, who is representing Griffith, said in a statement that the developer will be released from jail after bond is posted.
“We are very pleased that today the judge found that Virgil should be released from jail pending trial. We dispute the untested allegations in the criminal complaint. Virgil looks forward to his day in court, when the full story can come out.”
Klein has represented a number of high-profile individuals in the cryptocurrency and cybersecurity worlds, including bitcoin entrepreneur Charlie Shrem and security researcher Marcus Hutchins.
Klein negotiated a settlement against Cameron and Tyler Winklevoss, who sued Shrem in November 2018 alleging he owed them $26 million in bitcoin. Hutchins, who was accused of creating the Kronos malware by U.S. authorities, pleaded guilty and was sentenced to a year of supervised release, with the judge in the case recommending he apply for a pardon.