Russian authorities charged BitRiver founder Igor Runets with alleged fraud tied to a $8 million crypto mining gear deal involving Russian billionaire Oleg Deripaska.
Russian authorities have charged BitRiver founder Igor Runets with alleged fraud involving about 1 billion rubles ($12.5 million), increasing the legal case towards the chief of considered one of Russia’s largest crypto mining-linked firms.
Runets was formally charged with large-scale fraud over an alleged failure to ship crypto mining gear beneath an $8 million contract, native information company Pravo reported on Wednesday.
Investigators allege that Fox, an organization managed by Runets, signed the contract in 2023 to produce the gear to an organization inside an industrial group based by businessman Oleg Deripaska. Authorities say that whereas the client paid $7.9 million upfront, the gear was not delivered inside the agreed 32-day interval.
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