Self Chain CEO dismissed for allegedly participating in $50 million cryptocurrency OTC trading fraud
Jun 23, 2025 18:43:55
according to The Block, the blockchain project Self Chain has dismissed founder Ravindra Kumar from his position as CEO, following user allegations that he manipulated a fraud scheme lasting several months with over $50 million involved.
Self Chain issued a statement announcing a "decisive leadership change" after Kumar was suspected of being involved in off-exchange trading fraud.
Previously, Kumar denied all allegations, stating that they were "completely false," and indicated that his lawyer would respond.