Founder of Bitcoin Rival Litecoin Sells His Cryptocurrency After 7,500% Rally
Charlie Lee, a San Francisco-based software engineer who founded litecoin in 2013, said in a reddit post that he sold and donated all of his holdings over the past few days. The disposal is aimed at preventing a “conflict of interest” when Lee makes comments on social media about the digital currency that could influence its price, he said
Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to litecoin’s success,” Lee said. “For the first time in 6+ years, I no longer own a single LTC” other than a few collector’s coins.
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