Self Chain CEO dismissed for alleged involvement in $50 million cryptocurrency over-the-counter trading fraud

BlockBeats News: On June 23rd, according to The Block, the blockchain project Self Chain has dismissed its founder Ravindra Kumar from his CEO position after users accused him of manipulating a fraud scheme that lasted for several months and involved more than $50 million. Self Chain has released a statement announcing a 'decisive leadership change' following Kumar's alleged involvement in off exchange trading fraud. Previously, Kumar had denied all allegations, calling them "completely untrue" and stating that his lawyer would respond.