Monero’s Ricardo ‘Fluffypony’ Spagni to Surrender to US Marshals on July 5

by Abiodun Oladokun
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Monero’s Ricardo ‘Fluffypony’ Spagni to Surrender to US Marshals on July 5

Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL.

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.”

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.

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