Founder Out Of Litecoins, Sells All After 7500% Rally
The world's fifth biggest cryptocurrency Litecoin founder Charlie Lee is all cashed in during a 75-fold rally this year.
Founded back in 2011 in San-Francisco by a software engineer "sold and donated" all of his holdings over a past few days, he said in a Reddit blog post.
The move was under the influence of various accusations where Lee was "accused of doing it(changing price of LTC) for personal benefit."
"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 crypto-currency in general," he added.
Lee has sold or donated all his Litecoins and is "well off enough". "For the first time in...