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

Odaily News Blockchain project Self Chain has removed founder Ravindra Kumar from his position as CEO after users accused him of operating a fraud scheme that lasted for months and involved more than $50 million. Self Chain issued a statement announcing a decisive leadership change after Kumar was suspected of participating in an over-the-counter fraud. Previously, Kumar had denied all allegations, calling them completely untrue and said his lawyers would respond. (The Block)