None
EN
BitRiver founder charged in Russia with $12.5 million fraud
['Olivier Acuna']
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
A Russian court transferred Igor Runets, the founder of the country’s largest crypto mining company BitRiver, to a pretrial detention facility to face trial for fraud, Pravo.ru reported on Thursday.
Runets, a crypto mining pioneer in Russia, was reportedly detained and placed on house arrest in February on three charges of tax evasion.
The Stanford University MBA graduate began building a crypto mining data center in Siberia in 2017, the same year he founded BitRiver.
He later expanded the operation to 15 data centers with more than 175,000 servers.
Following the closure of several of his crypto mining centers due to a six-year government ban across 10 regions, BitRiver began facing financial issues.