News category
Security & incidents
Hacks, vulnerabilities, fraud, asset loss and security-control disclosures.
Image: CoinDeskBitRiver Founder Igor Runets Faces Fraud Charges in Russia: Not Officially Confirmed
According to CoinDesk, Igor Runets, founder of BitRiver, has reportedly been transferred from house arrest to a pre-trial detention facility in Russia. He faces accusations of large-scale fraud related to an alleged failure to deliver crypto mining equipment, with damages estimated at $12.5 million. These developments are not officially confirmed and are based solely on media reporting.
Latest coverage
Security & incidents
Page 3 of 7
CoinDeskBitRiver Founder Igor Runets Faces Fraud Charges in Russia: Not Officially Confirmed
According to CoinDesk, Igor Runets, founder of BitRiver, has reportedly been transferred from house arrest to a pre-trial detention facility in Russia. He faces accusations of large-scale fraud related to an alleged failure to deliver crypto mining equipment, with damages estimated at $12.5 million. These developments are not officially confirmed and are based solely on media reporting.
crypto.newsChina Business Journal Issues Warning on Bitcoin Extortion Scam Using Its Name
China Business Journal has issued a public warning after impostors allegedly used its name and Proton Mail to demand Bitcoin from companies, threatening negative coverage. The warning, as reported by crypto.news, is not officially confirmed and no victim losses or payment details have been disclosed. The scam involves impersonation and extortion tactics, but the full scope and impact remain unverified.
crypto.newsOstium Reports $23.75M USDC Exploit Originated from Off-Chain Breach, Not Smart Contract Flaw
According to crypto.news, Ostium has stated that its July exploit, which resulted in the loss of $23.75 million USDC, was caused by a breach in its off-chain infrastructure rather than a vulnerability in its smart contracts. The attacker manipulated price reporting mechanisms to drain funds from the protocol’s liquidity vault. This finding is not officially confirmed and is based solely on media reporting, with no verification from Ostium or any official source. The incident highlights risks associated with off-chain components in DeFi protocols.
theblock.co via LBankBitRiver Founder Reportedly Detained in Russia on Fraud Charges
According to media reports from Bits Media and The Block, Russian authorities have transferred BitRiver founder Igor Runets from house arrest to a pre-trial detention facility. The move follows allegations of fraud involving a crypto mining equipment deal with energy conglomerate En+, which reportedly resulted in damages of 1 billion rubles ($12.5 million). The case is not officially confirmed and is based solely on media reporting, with further investigation ongoing.
crypto.newsEthereum Foundation Appoints SEAL 911 Co-Founder Pascal Caversaccio to Board for One-Year Term
According to crypto.news, the Ethereum Foundation has appointed SEAL 911 co-founder Pascal Caversaccio to its board for an initial one-year voluntary term. This move, not officially confirmed by any first-party source, reflects the Foundation’s increased focus on privacy and security. The appointment expands the board to four members, including Vitalik Buterin, Aya Miyaguchi, and Patrick Storchenegger. Caversaccio’s background in incident response and privacy advocacy is expected to inform board-level oversight, but no new security programs or protocol changes have been announced. The Foundation’s mandate continues to prioritize privacy and censorship resistance, with management retaining execution authority.
crypto.newsBitRiver Founder Detained Amid $7.9M Mining Equipment Fraud Investigation
According to crypto.news, BitRiver founder Igor Runets has been moved from house arrest to pretrial detention as Moscow authorities investigate an alleged ₽1 billion mining equipment fraud. The case centers on accusations that Fox Group, controlled by Runets, failed to deliver prepaid mining equipment to Infrastructure of Siberia, part of the En+ group. Bankruptcy proceedings and asset freezes have followed, but these developments are not officially confirmed. All reported facts are based on media coverage and court records, and remain unverified by official sources.