Russia’s Biggest Bitcoin Mining Firm BitRiver Hit by Legal Storm as CEO Is Put Under House Arrest and Holding Company Enters Bankruptcy Process
BitRiver’s founder and chief executive Igor Runets has been placed under house arrest on tax evasion charges, as a Russian court opened bankruptcy supervision against the company’s main holding firm over unpaid debts. At the same time, large parts of BitRiver’s mining operations have shut down and senior managers have resigned, deepening the crisis at Russia’s biggest Bitcoin miner.
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