Layer 1 Self Chain Ousts CEO Amid $50M OTC Scam Allegations

Self Chain Ousts CEO Ravindra Kumar After $50M OTC Scam Allegations

Layer-1 blockchain Self Chain announced that it has terminated its CEO Ravindra Kumar after allegations of a $50 million over-the-counter (OTC) scam. The allegations broke on Friday with claims that Kumar was involved in a

Layer 1 Self Chain Ousts CEO Amid $50M OTC Scam Allegations

Layer-1 blockchain Self Chain announced that it has terminated its CEO Ravindra Kumar after allegations of a $50 million over-the-counter (OTC) scam.The allegations broke on Friday with claims that Kumar was involved in a string of OTC scams including firms such as Aza Ventures, which published the allegations on Telegram.Kumar responded at the time by posting: "I've been accused of serious wrongdoing, which is completely false. My legal team an…

SLF price jumps 17% as Self Chain ousts CEO amid $50M fraud allegations

Self Chain CEO Fired Amid $50 Million Fraud Allegations - Blockchain & Cryptocurrencies Tabloid

Self Chain dismisses CEO Ravindra Kumar over a $50M fraud accusation involving OTC crypto transactions. The post Self Chain CEO Fired Amid $50 Million Fraud Allegations appeared first on Blockchain & Cryptocurrencies Tabloid.

Self Chain sacks CEO over $50 million crypto OTC transaction fraud

Modular intent-centric access layer 1 blockchain and keyless wallet infrastructure service provider, Self-Chain has sacked its CEO, Ravindra Kumar over his alleged involvement in $50 million over-the-counter (OTC) fraud carried out via Telegram. The firm confirmed his dismissal in a post on their official X page on Monday. As revealed, his appointment was terminated after users accused him of steering months-long scheme that drained more than $5…

Self Chain ousts CEO after allegations of involvement in $50 million crypto OTC fraud – MAXBIT

Blockchain project Self Chain has removed founder Ravindra Kumar as CEO after users accused him of steering a months-long scheme that drained more than $50 million. In a statement shared on Monday, the project announced a “decisive leadership transition” following Kumar’s alleged association with fraudulent OTC transactions. “Ravindra Kumar’s role as CEO has been formally...