BitRiver

BitRiver Founder Faces Escalating Legal Challenges as Fraud Investigation Expands

Russia’s cryptocurrency mining sector faces increased scrutiny after authorities expanded the legal case against BitRiver founder Igor Runets. A Moscow court ordered Runets into formal detention on July 22 after prosecutors added fraud charges to an ongoing tax investigation. Prosecutors allege he orchestrated fraudulent mining equipment transactions involving entities linked

July 30, 2026 2 mins read

BitRiver’s Parent Firm Enters Bankruptcy Monitoring as CEO Faces House Arrest

Russia’s largest bitcoin mining company, Bitriver’s parent company, named Fox Group of companies LLC, which owns 89% of the BitRiver management company, is in serious trouble. On January 27, 2026, the Sverdlovsk Regional Arbitration Court ordered formal bankruptcy monitoring for the Fox group. What was the bankruptcy case all about

February 2, 2026 2 mins read