Former Monero developer arrested by US law enforcement

by in Cryptocurrency News

Monero

The former developer of the most anonymous and scandalous cryptocurrency project Monero - Riccardo Spagni, was recently arrested by the US police at the request of South Africa. According to reports, the arrest was made while the man was on the plane while refueling in Tennessee.

It is known that despite the rumors that have spread around this situation, Spagni's arrest has nothing to do with his past crypto activities. The United States denies any involvement of the Monero project in this incident.

According to the official statement, the arrest of the man is linked to his fraudulent activities between 2009 and 2011. During this time, Spagni worked for Cape Cookies, headquartered in South Africa. Thus, the developer, using his official position, allegedly "intercepted" the accounts of the firm's clients and stole money.

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At the moment, proceedings are underway. South Africa Demands Detainee Expansion.