Riccardo Spagni (Fluffypony), the former developer of the privacy-focused cryptocurrency Monero, was released after being detained in the US for more than a month.
spaghni, in your post on Tuesday He explained that he was working with his lawyers to return to South Africa and address the charges against him. US authorities arrested Spagni in August on charges of committing fraud with a company called Cape Cookies in South Africa between 2009 and 2011.
The former Monero developer said: “We are working with my lawyers to return to South Africa as soon as possible to resolve this issue and put it behind us. That’s what I always wanted to do, “he said.
The South African government was demanding Spagni’s extradition for allegedly inflating the prices of certain products and services, using false information to create invoices and transferring funds to an account under his control. Spagni could face up to 20 years in prison if convicted.
Spagni’s lawyers claimed that the arrest warrant was taken because Spagni did not attend court and that there were no other incidents.
Spagni, who was the developer of Monero (XMR) until December 2019, has been in the crypto space for more than a decade. Spagni is known in the industry for her colorful social media posts and jokes about cryptocurrency projects and figures.