A Russian court has moved the founder of Russia's largest cryptocurrency mining company from house arrest to a pre-trial detention center, according to the local news outlet Bits Media.
On Wednesday, the Zamoskvoretsky District Court of Moscow granted the transfer of BitRiver's Igor Runets as a stricter preventive measure.
Runets is required to stay in custody for at least two months as the investigation continues, according to the report.
The founder is facing charges under Part 4 of Article 159 of the Russian Criminal Code — fraud on an especially large scale committed by an organized group.
Investigators said that Runets and his company were involved in a crypto-mining equipment deal with the local energy conglomerate En+ that resulted in 1 billion rubles ($12.5 million) in damages.
