Self Chain announces removal of founder Ravindra Kumar from CEO position

This article is machine translated
Show original

PANews reports on June 23 that according to The Block, Self Chain has announced the removal of founder Ravindra Kumar from the CEO position, as he is alleged to have led a $50 million over-the-counter trading fraud scheme. The scam attracted investors since November last year by selling low-priced GRT, APT, SUI and other tokens on Telegram, which later evolved into a typical Ponzi structure. OTC platform Aza Ventures claims Kumar is suspected to be the mastermind behind the alias "Source 1". Kumar denies the allegations and states that he will respond through a lawyer. The project team has announced that he is no longer associated with Self Chain.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments