Cryptocurrency30 Jul 2026SEO 881 min read

Analysis: 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. A Russian cou…

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. 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 wi…

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