Founder of Major Russian Bitcoin Mining Firm Arrested Amid Tax Evasion Claims

A prominent bitcoin mining firm in Russia faces insolvency as its founder is arrested for tax evasion, intensifying challenges from debt and regulatory issues.

The founder of one of Russia's leading bitcoin mining companies has been apprehended on charges of tax evasion. This development comes as the firm grapples with severe financial pressures, including an insolvency petition filed by En+, a subsidiary company.

The legal troubles are compounded by mounting energy debts, increasing regulatory restrictions, and significant internal conflicts within the organization. The arrest adds another layer of complexity to an already challenging situation for the cryptocurrency mining sector in Russia.