Self Chain
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anchored·28PK77…Gt1BSummary
Self Chain is a Layer-1 blockchain project and keyless wallet infrastructure service that launched its mainnet and SLF token on Binance in mid-2024 as a rebrand of the Frontier wallet project. In June 2025, the project terminated its founder and CEO Ravindra Kumar following multi-source allegations that he orchestrated a Telegram-based OTC Ponzi scheme affecting approximately $50 million across multiple months. Kumar denied the allegations; no criminal charges or court judgments against him had been publicly confirmed as of October 2026. Binance delisted SLF on September 17, 2025, and the token's price had declined more than 99% from its August 2024 all-time high.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(14 events)
1 January 2019
Frontier wallet founded by Ravindra Kumar, Palash Jain, and Vetrichelvan Jeyapalpandy.
Crunchbase: Ravindra Kumar profile19 August 2024
Binance announces support for Frontier (FRONT) token swap and rebranding to Self Chain (SLF).
Binance official announcement31 August 2024
SLF reaches its all-time high of approximately $0.82.
CoinGecko: Self Chain price history1 May 2025
Mysten Labs co-founder Adeniyi Abiodun publicly warns there are no discounted SUI allocations available via Telegram OTC channels.
The Block: Self Chain ousts CEO19 June 2025
Mohammed Waseem, CEO of Indian OTC broker Aza Ventures, publicly discloses that his firm unknowingly facilitated dozens of fraudulent OTC deals over several months, alleging the counterparty — identified in reporting as Ravindra Kumar — ran a Ponzi-style scheme totaling approximately $50 million.
DL News: Self Chain founder denies involvement20 June 2025
Ravindra Kumar publicly denies the allegations on X, calling them 'completely false' and stating his legal team is preparing a response.
DL News: Self Chain fires founder22 June 2025
Mohammed Waseem announces filing of a police complaint with the Sri Vijaya Puram CID in India, which he states was also sent to Kumar.
DL News: Self Chain fires founder23 June 2025
Self Chain announces the formal termination of Ravindra Kumar as CEO, stating he will hold no further position or association with the project.
CoinDesk: Layer 1 Self Chain Ousts CEO7 July 2025
Binance adds SLF to its Monitoring Tag list alongside BAKE and IDEX, signaling elevated delisting risk.
CoinLive: Binance Adds BAKE, IDEX, SLF to Monitoring Tag7 August 2025
Bithumb suspends SLF deposits, citing concerns about code transparency and event controls.
CryptoRank: Bithumb Suspends SLF Withdrawals Indefinitely3 September 2025
Binance announces delisting of SLF (along with BAKE and HIFI), citing failure to meet listing standards.
Altcoin Buzz: Binance to Delist BAKE, HIFI, SLF on Sept 1710 September 2025
Binance delisting announcement triggers volatile short-term price rallies in SLF, BAKE, and HIFI.
Invezz: Binance delisting sparks volatile rallies in BakeryToken, Hifi Finance, and Self Chain17 September 2025
Binance ceases all spot trading of SLF at 03:00 UTC.
CCN: Binance Delisting News Triggers Freefall for BAKE, SLF, HIFIDecision Log
- slot 456228854 · hash sbovrkYdaboEwCtNBDp2otLE4YaSd2EbuKmV6yubUpd
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, 11:32:42 PM
last updated: 10/12/2026, 11:32:42 PM
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