Monero’s ‘Fluffypony’ joins Ross Ulbricht and Arthur Hayes behind bars — but for a non-crypto crime

Riccardo Spagni, the former developer of the privacy-oriented cryptocurrency Monero, was arrested last month over accusations of fraud.

While Monero has attracted controversy for being the ‘vehicle of choice’ for cybercriminals, Spagni — or ‘fluffypony’ — is behind bars on non-crypto related charges.

He has been accused of defrauding his former employer, Cape Cookies, of approximately $100,000 by generating false invoices.