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

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

In a Thursday court filing for the Middle District of Tennessee, Magistrate Judge Alistair Newbern ordered Spagni to surrender to U.S. Marshals on July 5 for extradition to South Africa. He will reportedly face 378 charges related to allegations of fraud and forgery between 2009 and 2011 at a company called Cape Cookies.

U.S. authorities arrested Spagni in Nashville in July 2021 at the request of the South African government, holding him in custody until September. The court filings hint at allowing Spagni to be in the United States for the Independence Day holiday weekend before being taken to Africa early on Tuesday. None of the charges in South Africa are related to Spagni’s time working on Monero (XMR), for which he was the lead maintainer until December 2019.

Related: Privacy coins are surging – Will regulatory pressure stall their stellar run?

Spagni, who posts on Twitter under the handle Fluffypony, has been involved in the crypto space since 2011. Since his arrest in the United States, he tweeted regarding his desire to return to South Africa to “address this matter” related to the fraud charges:

According to data from Cointelegraph Markets, the price of XMR has fallen roughly 8% in the last 24 hours, reaching $110 at the time of publication. As with many cryptocurrencies in the current bear market, the price of the privacy coin has fallen significantly in the last 30 days – roughly 46% from more than $206 on May 31. 

All Dutch and English crypto news!

Biden is hiring 87,000 new IRS agents — and they’re coming for you

The Inflation Reduction Act, signed into law this month by President Joe Biden, empowers the IRS with nearly $80 billion in new funds. The world's...

SBI lost 40% of hash rate after stopping mining in Russia: Data

Japanese financial giant SBI Holdings has partly terminated cryptocurrency mining in Russia due to geopolitical uncertainty and the crypto winter. SBI Holdings suspended mining operations in...

NFTs democratize music industry and redistribute song rights

The music industry continues to find inventive ways to integrate decentralized technology into new releases to benefit both artists and their fans.  Electronic dance music (EDM)...

Nearly $55M worth of Bored Ape, CryptoPunks NFTs risk liquidation amid debt crisis

Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks NFTs, who used them as collateral to take out loans in Ether (ETH), have...

Beste exchanges

Koop je crypto bij Bitvavo