Litecoin Founder Charlie Lee Sells All of His Holdings in the Cryptocurrency

Charlie Lee, the founder of cryptocurrency company Litecoin, revealed that he has sold and donated all of his Litecoin shares, aside from a few physical tokens, which he is keeping as “collectibles.” Lee made the admission on Reddit, telling viewers, “Some people even think I short LTC (litecoin)! So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence.”

He added: “I have always refrained from buying/selling LTC before or after my major tweets, but this is something only I know. And there will always be a doubt on whether any of my actions were to further my own personal wealth above the success of litecoin and cryptocurrency in general.”

Lee also addressed claims that he’s manipulating people into buying bitcoin cash, which split off from the original bitcoin in August. Bitcoin cash had a price rise on Tuesday (December 19) after Coinbase announced they would allow buying an selling of the cryptocurrency. However, Coinbase has since suspended the feature due to “significant volatility.” (Post Via – Vlad Tv)