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According to Techub News and reports from The Block, the modular Layer1 Blockchain Self Chain has dismissed its founder Ravindra Kumar from the CEO position due to allegations of involvement in a cryptocurrency OTC fraud transaction exceeding $50 million. The scheme, which began selling "low-priced tokens" to attract investors through Telegram at the end of 2023, has formed a Ponzi Scheme. Previously, Kumar denied all allegations, stating that they were "completely false," and indicated that his lawyer would respond.

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