Monero’s lead maintainer Arrested on Fraud Charges

Fluffypony, Past lead maintainer in Monero project, got arrested in the U.S. There is an allegation on Fluffypony that he used fake documents to facilitate payments in a company.

According to recent reports, Monero’s one of the maintenance workers caught in fraud activity. While the person who got arrested is in a case which is unrelated to the crypto field. But surely here a reputed project’s lead worker’s activities indicated that we can’t trust any person. 

Riccardo “Fluffypony” Spagni, lead maintainer of Monero. Spagni uses an invoice & some data from a company, Ensync. Then he created a fake document for himself. He used that document for verification purposes to redirect payments to an account that he controlled. He was also involved in pumping the prices for Cape Cookies’ own goods. 

Don’t assume Spagni’s fraud activity is related to Monero or crypto. This is totally out of the crypto related matter. 

Spagni made around $99,200 through this fraud scam, as per report data of court document.

According to the document, spagni holds a large amount of crypto assets worth $800,000. 

Spagni was arrested in Nashville at the time of flight from New York to Los Cabos, Mexico. South Africa informed & requested spagni to the U.S authorities. Finally U.S authorities arrested him last month.

Spagni was working as lead maintainer on Monero before 2019. After December 2019, he left to work on the Monero project. Right now, no statement came from the Monero coin team. It is also expected that Monero will face some negative impact because of this news, but as Spagni already left to work on the Monero project, this will protect the Monero team from any negative news.

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