Self Chain CEO Removed Over Alleged Involvement in $50 Million Cryptocurrency OTC Fraud

According to TheBlock, blockchain project Self Chain has removed founder Ravindra Kumar from his position as CEO after users accused him of orchestrating a months-long fraud scheme involving over $50 million. Self Chain issued a statement announcing a decisive leadership change following allegations that Kumar was involved in over-the-counter trading fraud. Previously, Kumar had denied all accusations, calling them completely false and stating that his lawyers would respond.