Layer-1’s Blockchain self-corner announced that it has finished its CEO Ravindra Kumar after accusations of a free sale of $ 50 million (OTC).
The accusations broke on Friday with statements that Kumar was involved in a series of OTC scams, including companies such as Aza Ventures, which published the accusations on Telegram.
Kumar responded at that time publishing: “They have accused me of serious irregularities, which is completely false. My legal team and I are working on a statement to address this matter. I am attentive to updates.”
An OTC transaction is one that takes place outside an exchange to avoid sliding in larger transactions. Often involves the buyer, the seller and an intermediary that negotiates the treatment.
The Autocurra Token (SLF), which is quoted in Binance, has now decreased by 35.9% last week after selling in relation to the accusations.
“The role of Ravindra Kumar as CEO has been formally finished,” Self Chain wrote on a Tweet on Monday. “It will no longer occupy any position, responsibility or association with the car chain in any capacity in the future.”
No founding member of the Autocurra has been authorized to participate in OTC agreements involving $ SLF, “he continued.” Any other offer that circulates in the market has not been officially approved or sanctioned by the team in any way. “
Kumar retweeted Self Chain’s tweet and eliminated reference to himself as CEO of his profile.
