Quote from: bitmover on Today at 10:23:21 AM

Quote from: The Pharmacist on Today at 09:59:19 AM

First of all, Spagni didn't create Monero from what I've read. Second, where does it say that he's being denied bail because of anything he had to do with Monero? Did you put any thought into your post before you wrote it, or are you just milking the Bitvest campaign by doing the absolute minimum while making posts?

Spagni is going to be tried for embezzling funds, that's what I've read. His charges have nothing to do with his association with Monero--but that's the only reason why this story is newsworthy, and it's a smear on crypto.

Thank you for clarification. I wasn't understanding the post at first. He isn't monero creator at all, just a developer

I read some news around, and the only real implication of Monero in all this incident is that he could use cryptocurrency to flee, so he might be having some tougher restrictions.

Quote

Spagni is believed to have “significant cryptocurrency assets that would enable him to flee” as well as a “watch valued at $800,000,” according to the warrant.

https://www.coindesk.com/former-monero-maintainer-fluffypony-to-be-extradited-for-non-crypto-crimes

Well this one made me smile a bit, an $800,000 watch speaks a lot for the fact that he probably owns a good amount of crypto and what not. I have no idea in how far that information is confirmed, but you probably wouldn't spent that amount on a watch if you weren't at least double figures in the millions.

I guess they will hit him hard precisely because he is rich and he wouldn't most likely really bother to pay back the amount plus some interest. I'd say in front of a judge it is not that beneficial to be rich. Going to be interesting to follow that story.