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Self Chain announced its transition to a fully decentralised autonomous organisation (DAO), with governance protocols already in motion to support community-driven decision-making.
Ravindra Kumar publicly denied the fraud allegations against him, asserting his innocence and stating that his legal team was preparing a formal response
Mohammed Waseem, CEO of Aza Ventures, revealed that his firm had unknowingly facilitated multiple fraudulent over-the-counter (OTC) crypto transactions-private trades conducted outside exchanges and publicly implicated Ravindra Kumar, former CEO of Self Chain, in orchestrating the scheme
Self Chain confirmed in an official post on X that CEO Ravindra Kumar would no longer hold any role or affiliation with the project, following public accusations of his involvement in a $50 million OTC crypto scam tied to firms like Aza Ventures

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