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Self Chain announces dismissal of founder Ravindra Kumar from CEO position

PANews
PANews|6月 23, 2025 10:47
According to The Block, Self Chain has announced the dismissal of founder Ravindra Kumar from his CEO position due to allegations of leading a $50 million off exchange fraud scheme. This scam has been attracting investors since November last year by selling low-priced tokens such as GRT, APT, SUI through Telegram, and later evolved into a typical Ponzi structure. OTC platform Aza Ventures claims that Kumar is suspected to be the mastermind behind the pseudonym "Source 1". Kumar denies the allegations and stated that a lawyer will respond. The project party has announced that it will no longer have any association with Self Chain.
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