Blockchain Project CEO Ousted Amid Fraud Scandal
Self Chain has dismissed CEO Ravindra Kumar following accusations of orchestrating a $50 million Ponzi-style scheme. In another key development, Paradigm has led a $15 million Series A funding round for Global Token Exchange, a decentralized exchange aiming to achieve the efficiency of major centralized platforms. Meanwhile, crypto exchange OKX is exploring an IPO in the US after its recent relaunch. Despite global tensions, crypto funds have seen continuous inflows, reaching a record $15.1 billion this year. Additionally, a New York-based scammer lost close to all of the $4 million stolen from Coinbase users through a phishing scam.
FAQ
❓ Why was the Self Chain CEO ousted?
Ravindra Kumar was removed due to allegations of his involvement in a $50 million Ponzi-style OTC crypto scam.
❓ What is Global Token Exchange?
Global Token Exchange is a decentralized exchange that aims to match the speed and performance of major centralized exchanges.
❓ Is OKX planning an IPO in the US?
Yes, OKX is considering a US IPO following its April relaunch.