Share this article
Riccardo ‘Fluffypony’ Spagni Hires Top Attorney to Battle Extradition to South Africa on Fraud Charges
Spagni has hired Brian Klein, a leading crypto trial attorney, to handle his case.
Updated Sep 14, 2021, 1:34 p.m. Published Aug 3, 2021, 6:47 p.m.
Former Monero maintainer Riccardo Spagni, who was arrested in Nashville, Tenn., on July 20 at the request of South African authorities, is fighting extradition with the help of one of crypto’s top lawyers, Brian Klein.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Spagni, known online as “Fluffypony,” has been accused of stealing approximately $100,000 from his former employer, Cape Cookies, by creating fake invoices and routing payment to his personal bank accounts between 2009-2011.
South African officials issued a warrant for Spagni’s arrest in mid-April after he failed to show up for a trial in Cape Town, South Africa for the fraud charges.
According to court documents, Spagni is being held without bond pending his extradition hearing, the date for which has not yet been set.
Klein, who has previously represented big-name crypto clients including Erik Voorhees and Charlie Shrem, has filed a motion to allow Spagni to be released from custody on bail until his extradition hearing.
In his motion, Klein claims the U.S. government has “misstated both the facts and the applicable law in this matter” and calls the case against Spagni “fatally flawed” due to a lack of evidence and a prosecution that has “stopped, started and meandered for over a decade.”
Read more: Meet Brian Klein, Crypto’s Own ‘High-Stakes’ Trial Attorney
The motion disputes the U.S. government's claim that Spagni's offense carries a penalty of up to 20 years in prison, instead claiming that under South African law Spagni's alleged offenses are only punishable by up to 60 months in prison.
According to independent extradition expert and attorney Jacques Semmelman, however, the distinction makes no difference for Spagni's extradition.
"As long as the conduct is punishable in both countries by a year or more in prison, it is an extraditable offense," Semmelman told CoinDesk.
The motion also argues that Spagni has health conditions, including asthma, that make him more susceptible to severe illness or death from the Delta variant of COVID-19, and that necessitate his release from custody until his extradition hearing.
A hearing on Spagni’s request to be released on bond will take place Thursday morning.
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
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
