Litecoin founder just sold all his litecoin, citing “a conflict of interest”
Litecoin founder Charlie Lee announced on Reddit today that he had divested most of his litecoins, which are an alternative to Bitcoin. He cited “a conflict of interest” for him to continue buying and selling Litecoin while tweeting about it because he has “so much influence.”
Lee says he sold and donated all his litecoins, which makes it the first time in six years that he doesn’t own a single litecoin that’s not stored in a physical coin. He did not share the exact amount sold but said that he would continue to work on Litecoin and when the currency succeeded, he would “still be rewarded in lots of different ways, just not directly via ownership of coins.”
It’s uncommon for a founder of a major cryptocurrency to publicly divest…
