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Monero’s Ricardo ‘Fluffypony’ Spagni to Surrender to US Marshals on July 5
The former privacy coin maintainer faces extradition to South Africa where he faces fraud charges.
Ex-Monero developer Ricardo “Fluffypony” Spagni will surrender on July 5 to the U.S. Marshals Service for extradition to South Africa, where he faces fraud charges, according to court documents filed Thursday.
He will depart for South Africa shortly thereafter, the documents said. South African officials will be on hand to “effectuate his arrest.”
STORY CONTINUES BELOW
South African officials have accused Spagni of committing $100,000 in invoice fraud against his former employer, Cape Cookies. Facing trial in early 2021, he instead fled South Africa, going on the lam in the U.S. until his capture that August in Nashville, Tenn. He’s been fighting extradition ever since.
Spagni’s lawyer didn't pick up the phone, and when reached by CoinDesk, Spagni declined to comment.
Monero (XMR) is trading at $110, down 6% in the past 24 hours amid a broader crypto sell-off.
UPDATE (June 30, 17:46 UTC): Adds no comment from Spagni.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
