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Add as a preferred source on GooglePSB Seeks Bankruptcy of BitRiver Founder Over Claim of About 773 Million Rubles
The bank says Runets guaranteed a BitRiver-B loan that the company failed to repay on schedule.
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PSB Bank has petitioned a Russian court to declare Igor Runets, founder of Bitcoin (BTC) mining company BitRiver, personally bankrupt over a claim of about 773 million rubles.
PSB says Runets guaranteed a loan to BitRiver-B and is jointly liable because the borrower did not repay on schedule. BitRiver-B is part of the BitRiver group.
Some companies in the group have also entered bankruptcy observation proceedings.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.