Ravindra Kumar (Self Chain CEO)
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anchored·3arw4e…u83bSummary
Ravindra Kumar is the founder and former CEO of Self Chain, a modular Layer 1 blockchain project whose native token SLF traded on Binance. In June 2025 Kumar was formally terminated from all roles at Self Chain after Mohammed Waseem, CEO of Indian OTC broker Aza Ventures, alleged that a figure known as 'Source 1' had orchestrated a months-long Ponzi-style scheme through Telegram totaling approximately $50 million in investor losses, and that online evidence pointed to Kumar as that individual. Kumar publicly denied the allegations and stated his legal team was preparing a response; no formal criminal charges had been filed as of October 2026.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(11 events)
1 November 2024
Alleged OTC scheme begins, with 'Source 1' offering discounted token allocations via Aza Ventures' Telegram channel for projects including The Graph, Aptos, and SEI. Early transactions reportedly paid out legitimately to establish trust.
Cryptopolitan1 May 2025
Adeniyi Abiodun (Mysten Labs co-founder) posts public warning on X: 'Stop falling for Telegram scammers selling you OTC deals.' Lucian Mincu (MultiversX co-founder) issues similar warnings.
DL News1 June 2025
Final alleged fraudulent offering — FLUID tokens — made through the scheme before Source 1 allegedly disappears.
Cryptopolitan19 June 2025
Mohammed Waseem, CEO of Aza Ventures, publishes Telegram announcement alleging his firm unwittingly mediated dozens of fraudulent OTC deals totaling approximately $50 million. Waseem identifies a broker as 'Source 1' without initially naming them, and states the scheme operated as a Ponzi.
DL News20 June 2025
Ravindra Kumar posts on X: 'I've been accused of serious wrongdoing, which is completely false. My legal team and I are working on a statement to address this matter.' Online speculation mounts linking Kumar to Source 1.
DL News22 June 2025
Waseem files a police complaint with Indian authorities and states it has been sent to Kumar. Waseem also reports that Source 1 stated funds would begin to be returned by end of June 2025.
DL News23 June 2025
Self Chain publishes announcement on X formally terminating Ravindra Kumar as CEO, citing 'recent developments that diverge from the founding vision.' SLF token is down approximately 35.9 percent over the prior week.
The Block3 September 2025
Binance announces the delisting of SLF along with BAKE and HIFI, citing its periodic listing review. SLF price declines approximately 25 percent on the announcement.
CryptoRank17 September 2025
Binance ceases all SLF spot trading. SLF withdrawals from Binance supported only until November 18, 2025.
Altcoin Buzz12 October 2026
As of this date, no formal criminal charges, civil lawsuit, or regulatory action against Ravindra Kumar has been publicly reported. SLF token market capitalization is approximately $62,000. Kumar's current activities are unknown.
AVOID.NET research — no primary source availableDecision Log
- slot 456229953 · hash Fjh1BYTEdBzFhEnr6XauDnztMtAPfVZ675fzti73vEFg
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 0 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 10/12/2026, 11:36:38 PM
last updated: 10/12/2026, 11:36:38 PM
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