On June 23, according to reports, the blockchain project Self Chain has dismissed founder Ravindra Kumar from his position as CEO, following allegations from users that he manipulated a fraud scheme that lasted several months and involved more than 50 million dollars.
Self Chain issued a statement announcing a "decisive leadership change" following allegations that Kumar was involved in off-exchange trading fraud.
Previously, Kumar denied all allegations, stating that they were "completely false" and that his lawyer would respond.
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Self Chain removes CEO due to involvement in a $50 million fraud scheme.
On June 23, according to reports, the blockchain project Self Chain has dismissed founder Ravindra Kumar from his position as CEO, following allegations from users that he manipulated a fraud scheme that lasted several months and involved more than 50 million dollars.
Self Chain issued a statement announcing a "decisive leadership change" following allegations that Kumar was involved in off-exchange trading fraud.
Previously, Kumar denied all allegations, stating that they were "completely false" and that his lawyer would respond.