BitRiver founder charged in Russia with $12.5 million fraud
Igor Runets has been transferred to a pre-trial detention facility from house arrest as he faces accusations of failing to deliver on a contract.
Make preferred on
Share this article
Summary
- A Russian court transferred BitRiver founder Igor Runets from house arrest to a pretrial detention facility to face charges of large-scale fraud tied to an alleged failure to deliver crypto mining equipment.
- Investigators say Runets caused more than 1 billion rubles (about $12.5 million) in damages by not fulfilling an $8 million equipment contract with Infrastructure of Siberia, a subsidiary of the En+ industrial conglomerate.
- Runets, previously charged with tax evasion, and his company BitRiver have come under mounting pressure as a six-year regional ban on crypto mining and related insolvency proceedings destabilize the firm’s once-expansive Siberian data center operations.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Why it matters:
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
