Self Chain CEO has been dismissed for allegedly participating in a $50 million Crypto Assets OTC Trading fraud.

According to ChainCatcher news and reported by The Block, 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 for several months and involved more than 50 million dollars. Self Chain issued a statement announcing a "decisive leadership change" following Kumar's alleged involvement in off-exchange trading fraud. Previously, Kumar denied all allegations, stating that they are "completely false," and mentioned that his lawyer would respond.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)