On November 12, 2026, TechFlow reported, citing Russia’s Kommersant, that Promsvyazbank (PSB) had asked the Sverdlovsk Region Arbitration Court to declare BitRiver founder Igor Runets bankrupt over debt of approximately 773 million rubles. The report describes a court application, not a bankruptcy ruling.
PSB deputy chairman Mikhail Dorofeev confirmed that Runets had personally guaranteed a loan to BitRiver-B. After the borrower fell overdue and defaulted, the bank sought to hold Runets jointly liable for repayment under the guarantee agreement.
Separately, a court placed Runets under house arrest in February 2026 over allegations that he concealed funds or property available for tax collection. TechFlow also reported that several BitRiver companies had become involved in litigation and that some had entered bankruptcy observation proceedings.
Original report: TechFlow · Published November 12, 2026, at 10:40 a.m. UTC+8.