Bank Seeks Bankruptcy of BitRiver Founder Over Loan Guarantee

Odaily reported on November 12, 2026, that Russia’s PSB bank had filed a bankruptcy petition against Igor Runets, founder of Bitcoin mining company BitRiver. The bank’s claim totals 773 million rubles (approximately $9.27 million). A petition is not a bankruptcy ruling.

PSB deputy chairman Mikhail Dorofeev said Runets guaranteed a loan to “Bitriver-B” and bears joint liability for its unmet obligations. According to Dorofeev, the borrower fell behind on payments, and the claim—more than 770 million rubles—covers all outstanding overdue debt. The petition was filed with the Arbitration Court of Sverdlovsk Oblast.

Odaily also reported, citing Kommersant, that a court placed Runets under house arrest in early February 2026. He was accused of concealing substantial funds or property from which taxes, fees and insurance contributions should have been paid. The report does not establish the outcome of either proceeding.

Original report: Odaily, published November 12, 2026, at 10:45:11 (UTC+08:00).

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