Share this article
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.
By Danny Nelson
Updated May 11, 2023, 6:37 p.m. Published Jun 30, 2022, 5:32 p.m.
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 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.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
PayPal, issuer of PYUSD, applies for Utah industrial bank license
The company behind the PYUSD stablecoin said it wants to offer business lending and interest-bearing savings accounts.
Top Stories
