Victims of the scam unite to demand accountability from the perpetrators, calling for restitution and threatening international legal actions.
Legal Deadline and Cross-Border Pressure
A legal counsel representing the defrauded collective has formally contacted the perpetrators, demanding a concrete repayment plan by June 30, or face escalation to international authorities. Victims have enlisted a top-tier Indian law firm to prevent suspects from fleeing the country. "What started as a nightmare has turned into a mission," stated a collective representative, emphasizing their commitment to accountability. The group has meticulously documented losses from venture capitalists, private investors, and industry leaders, creating a unified front to strengthen their case.
Breakthroughs in the Hunt for Justice
Investigators have tracked multiple physical locations tied to the scammers, handing actionable leads to their legal team. In a pivotal twist, one individual, known by the alias 'Daku', has signaled a willingness to cooperate on restitution. While victims remain cautious, this marks the first tangible movement toward recovery. "The pressure is mounting. Their identities are known, their information exposed, and they know they’ll be held accountable," the representative declared. The effort now involves affected VC firms, investors, and industry figures, amplifying its global reach.
The Role of Self Chain and the Responsibility of Ravindra Kumar
The Self Chain blockchain project announced a drastic internal restructuring to disassociate itself from any connection to the case. In an official statement, Self Chain announced the immediate dismissal of Ravindra Kumar as CEO, stating that he no longer holds any role, responsibility, or connection to the organization. This measure comes after it was revealed that Kumar had been linked to the fraudulent scheme that deceived prominent crypto investors with the promise of token distribution that never materialized. The decision to remove Kumar seeks to preserve the integrity of the project and its alignment with the principles of decentralization, transparency, and community governance.
Despite the long road ahead, the collective vows relentless pursuit of justice. All eyes now turn to the June 30th deadline and whether the accused will comply before global authorities intervene.
