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Russia detains BitRiver founder on fraud charges, report says

The alleged case stems from a reported deal involving local conglomerate En+ that led to $12.5 million in claimed damages.

Reported · Written up by our desk · Market Structure

The Block reports that Russia has detained BitRiver founder Runets on fraud charges.

According to the outlet, Runets and his company were reportedly involved in a deal with local conglomerate En+ that resulted in $12.5 million in damages.

The report frames the detention as tied to that alleged financial loss connected to the En+ transaction.

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