Russia’s Largest Crypto Mining Firm Hit as BitRiver CEO Faces Tax Evasion Allegations
Russia's largest cryptocurrency mining company, BitRiver, faces intensified legal and financial pressure as its founder and CEO, Igor Runets, has been detained and charged with multiple counts of tax evasion. A Moscow court placed him under house arrest, restricting his movement during the investigation. This development adds to BitRiver's existing challenges, including U.S. sanctions imposed in 2022 and the loss of key international partnerships. The company, which operates data centers in Siberia, has also faced operational cutbacks, delayed salary payments, and lawsuits from regional energy providers. The case underscores growing regulatory risks for crypto mining firms in Russia and may influence future compliance and governance practices in the sector.
bitcoinist02/03 05:32