The Autonomous Channel Blockchain de Pay-1 has announced that it had ended its CEO Ravi will Ravira Kumar after allegations of an over-the-counter $ 50 million scam (OTC).
The allegations broke out on Friday with affirmations that Kumar was involved in a series of over -the -counter arches, including companies such as Aza Ventures, which published the allegations on Telegram.
Kumar replied at the time by publishing: “I was accused of serious reprehensible acts, which is completely false. My legal team and I are working on a statement to approach this question. Stay listening for updates.”
An over -the -counter transaction is that which takes place outside an exchange in order to avoid slipping on larger transactions. This often involves the buyer, the seller and an intermediary who negotiate the agreement.
The free autophile token (SLF), which is negotiated on Binance, is now down 35.9% last week after being sold compared to allegations.
“The role of Ravira Kumar as CEO has been officially terminated,” wrote Self Chain in a Tweet on Monday. “He will no longer hold a position, responsibility or association with the free chain in any capacity in the future.”
No founding member of the self-service chain has never been authorized to engage in over-the-counter agreements involving $ SLF, “continued.” Any other transaction circulating on the market have not been officially approved or sanctioned by the team in any way. “”
Kumar retweeted the tweet from the self-chain and deleted the reference to himself as CEO of his profile.
