Self Chain has fired its founder and CEO, Ravindra Kumar, after he was accused of masterminding a $50 million OTC crypto scam tied to Aza Ventures. The alleged fraud involved fake token deals conducted via Telegram under the alias “Source 1,” promising discounted vested tokens like SUI and NEAR. Victims say payments stopped abruptly in June 2025. Aza Ventures claims to be cooperating with authorities and plans to refund affected investors. Kumar has denied all allegations, calling them “completely false” and stating that legal action is underway. The scandal caused Self Chain’s token (SLF) to plunge by nearly 36% in value.