Self Chain fires founder accused of masterminding $50m OTC crypto scam

Description

Self Chain is distancing itself from its founder and CEO Ravindra Kumar after he denied involvement in a $50 million crypto fraud targeting crypto’s wealthiest investors.

Authors

Tim Craig

Publish date

June 23, 2025

Publisher

DL News

Web URL

https://www.dlnews.com/articles/people-culture/self-chain-fires-founder-accused-of-otc-crypto-scam-at-aza-ventures

Referenced by

Self Chain removes CEO amid fraud investigation

Crypto news

News story

The scam allegedly involved an unnamed individual working with Aza Ventures to sell vested crypto tokens for multi-billion dollar projects such as Sui, Near, Axelar, and Sei at steep discounts and under favourable conditions

Crypto news

Quote

Mohammed Waseem, CEO of Aza Ventures, an Indian over-the-counter deals broker, revealed that his firm unwittingly helped mediate dozens of fraudulent deals over the course of several months

Crypto news

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