According to @StockMKTNewz, the Self Chain (SLF) token has dropped 35.9% in the past week after Layer-1 blockchain Self Chain terminated its CEO, Ravindra Kumar. The termination follows allegations of a $50 million over-the-counter (OTC) scam, which were reportedly published on Telegram by firms including Aza Ventures. Self Chain officially announced Kumar's termination in a tweet, stating he will no longer have any association with the project and that "no Self Chain founding members have ever been authorized to engage in OTC deals involving $SLF." Kumar, who had previously denied the allegations as "completely false," has since retweeted the company's announcement and removed the CEO title from his profile.