Self Chain CEO ousted for alleged involvement in $50M crypto OTC fraud_WEB3 CATCHER

Self Chain CEO ousted for alleged involvement in $50M crypto OTC fraud

2025-06-23 19:06:53 /

according to TheBlock, the blockchain project Self Chain has removed founder Ravindra Kumar from his position as CEO. Previously, users accused him of manipulating a fraud scheme that lasted for several months and involved over $50 million. Self Chain issued a statement announcing a decisive change in leadership after Kumar was suspected of involvement in off-exchange trading fraud. Previously, Kumar had denied all accusations, stating that they were completely false, and said his lawyer would respond.

Disclaimer: This specification is preliminary and is subject to change at any time without notice.

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