Self chain founder denies involvement in $50m OTC crypto fraud as accusations fly – DL News
- Self chain founder Ravindra Kumar was accused of over-the-counter trading fraud.
- He denied the allegations.
- Multiple crypto founders warned of potential fraud ahead of time.
The founder of Self chain, a Binance-listed project, has denied involvement in a crypto scam ring that fleeced investors for an estimated $50 million with phoney token deals.
In a post on X, Ravindra Kumar denied accusations on social media that he had sold vested allocations of various crypto tokens to investors that never existed.
“I’ve been accused of serious wrongdoing, which is completely false,” Kumar said Friday. “My legal team and I are working on a statement to address this matter.”
Fraudulent deals
On Thursday, Mohammed Waseem, the CEO of Aza Ventures,…
