The Layer-1 Blockchain series has announced that it has ended the CEO of Ravindra Kumar after allegations of a $ 50 million fraud (OTC).
the Allegations On Friday, the allegations broke out that Kumar participated in a series of OTC fraud, including companies such as AZA Ventures, which Published Allegations on a telegram.
Kumar Respond At that time by publishing: “I was accused of making serious violations, which is completely wrong. My legal team is working in a statement to address this matter. Stay tuned for updates.”
OTC treatment is the treatment that occurs outside the exchange to avoid slipping into the larger transactions. It often includes the buyer, seller and brokers that link the deal.
The Self -Series Code (SNF), which is trading on Binance, decreased by 35.9 % last week after the sale in the allegations.
“The role of Ravenra Kumar was ended as an official executive,” the self -series wrote in a tweet on Monday. “It will not hold any position, responsibility, or association with the self -chain with any ability to move forward.”
None of the members of the founding of the self -chain was allowed to engage in OTC deals that involve $ SLF, “continued.” No other deals that are in the market are officially or punished by the team in any way.
Kumar re -tweeting the self -chain tweet and removed the reference to himself as an executive head of his personal file.
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