Wu Blockchain (@WuBlockchain): Founder of Russia’s Largest Crypto Miner Held Over Alleged 1 Billion-Ruble Fraud
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Founder of Russia’s Largest Crypto Miner Held Over Alleged 1 Billion-Ruble Fraud A Moscow court has moved BitRiver founder Igor Runets from house arrest to pretrial detention for two months over alleged large-scale fraud involving nearly RUB 1 billion. Investigators allege that a Runets-controlled company received full advance payment for mining equipment ordered by an En+ subsidiary but failed to deliver the machines or return the funds. BitRiver has been described as Russia’s largest crypto-mining operator and previously ranked first among the country’s mining companies by revenue.