Key facts
- Igor Runets is the founder of BitRiver.
- BitRiver is described as Russia's largest crypto mining firm.
- Igor Runets has been charged with large-scale fraud.
- Investigators allege Igor Runets caused over $12.5 million in damages.
- The alleged damages are due to a failure to deliver mining equipment.
- Igor Runets has been moved to a pretrial detention facility.
Igor Runets, the founder of BitRiver, which is described as Russia's largest crypto mining firm, has been charged with large-scale fraud. According to investigators, Runets is accused of causing damages exceeding $12.5 million. The alleged damages stem from a failure to deliver mining equipment. As a result of these charges, Runets has been moved to a pretrial detention facility. The investigation into the matter is ongoing.