Litecoin creator Charlie Lee has “sold or donated” his entire Litecoin wealth to avoid “conflicts of interest” arising from its growth.
Six Years On, Only Physical Litecoins Remain
In a Reddit post today, Lee made the surprising admission after what he described as “accusations” he was engaged in various activities for “personal benefit.”
For this reason, in the past days, I have sold and donated all my LTC. 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. […] For the first time in 6+ years, I no longer own a single LTC that’s not stored in a physical Litecoin.