August 19, 2022




Home Monero Former Monero maintainer Riccardo 'Fluffypony' Spagni to give up for South Africa extradition – Cointelegraph

Former Monero maintainer Riccardo 'Fluffypony' Spagni to give up for South Africa extradition – Cointelegraph

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Courtroom filings trace at authorities permitting Spagni to be in america for the Independence Day vacation weekend earlier than being taken to South Africa early on Tuesday.

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Riccardo Spagni, the previous maintainer of the privateness coin Monero also referred to as Fluffypony, faces extradition to South Africa months after his arrest by U.S. authorities.

In a Thursday court docket submitting for the Center District of Tennessee, Justice of the Peace Choose Alistair Newbern ordered Spagni to give up to U.S. Marshals on July 5 for extradition to South Africa. He’ll reportedly face 378 fees associated to allegations of fraud and forgery between 2009 and 2011 at an organization known as Cape Cookies.

U.S. authorities arrested Spagni in Nashville in July 2021 on the request of the South African authorities, holding him in custody till September. The court docket filings trace at permitting Spagni to be in america for the Independence Day vacation weekend earlier than being taken to Africa early on Tuesday. Not one of the fees in South Africa are associated to Spagni’s time engaged on Monero (XMR), for which he was the lead maintainer till December 2019.

Associated: Privacy coins are surging — Will regulatory pressure stall their stellar run?

Spagni, who posts on Twitter beneath the deal with Fluffypony, has been concerned within the crypto area since 2011. Since his arrest in america, he tweeted relating to his want to return to South Africa to “handle this matter” associated to the fraud fees:

In response to knowledge from Cointelegraph Markets, the worth of XMR has fallen roughly 8% within the final 24 hours, reaching $110 on the time of publication. As with many cryptocurrencies within the current bear market, the worth of the privateness coin has fallen considerably within the final 30 days — roughly 46% from greater than $206 on Could 31. 

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