Former Monero maintainer Riccardo ‘Fluffypony’ Spagni to surrender for South Africa extradition

Former Monero maintainer Riccardo 'Fluffypony' Spagni to surrender for South Africa extradition

Riccardo Spagni was the former maintainer the privacy coin Monero, also known as Fluffypony. He is now facing extradition to South Africa, months after being arrested by U.S authorities.

On Thursday, Magistrate Alistair Newbern directed Spagni’s surrender to the U.S. in a court filing. Spagni was ordered to surrender by Magistrate Judge Alistair Newbern in the Middle District of Tennessee. According to reports, he will face 378 charges in connection with fraud and forgery allegations against Cape Cookies between 2009 and 2011.

At the request of South Africa’s government, U.S. authorities detained Spagni in Nashville on July 20, 2021 and held him there until September. According to court filings, Spagni was allowed to visit the United States for Independence Day weekend. He was then taken to Africa on Tuesday morning. Spagni was not charged in South Africa with any of the offences. He worked on Monero (XMR) from December 2019 to December 2019.

Related: Privacy coins are on the rise — Will regulator pressure stop their meteoric run?

Spagni posts on Twitter as Fluffypony and has been active in the crypto community since 2011. He tweeted about his desire to go back to South Africa “to address this matter” regarding the fraud charges following his arrest in the United States.

I am extremely happy that I was released by the U.S. court. I am working with my lawyers to find a way to go back to South Africa as soon possible. This will allow me to resolve this matter and move on. It’s what I have always wanted to do.
— fluffy/pony (@fluffypony) September 21, 2021

Cointelegraph Markets data shows that XMR’s price has dropped by approximately 8% over the past 24 hours and reached $110 at the time this article was published. The price of privacy coins has dropped significantly over the past 30 days, falling by 46% from $206 on May 31.

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