A Moscow court has changed the legal restraint on BitRiver’s founder from house arrest to two months of pretrial detention, according to Techub News. Prosecutors accuse the founder of large-scale fraud involving nearly 1 billion rubles, or about $10 million. Investigators allege that the funds were obtained through fraudulent means. BitRiver is described in the report as Russia’s largest cryptocurrency mining company. The founder has now been formally taken into custody, and the case remains under investigation. The report cited WuBlockchain as the source of the development.
A Moscow court has moved BitRiver’s founder from house arrest to pretrial detention for two months, according to Techub News.
Prosecutors have accused the founder of large-scale fraud involving nearly 1 billion rubles, or about $10 million. Investigators allege that the money was obtained through fraudulent means.
BitRiver is described as Russia’s largest cryptocurrency mining company. The founder has now been formally taken into custody, and the case is still under investigation. The report cited WuBlockchain.
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