5 years ago, the founder of LTC sold and donated all his LTC
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As Litecoin grew in popularity, Charlie Lee) (creator of Litecoin) became more involved in the cryptocurrency community and began to realize that his personal holdings of Litecoin could be perceived as a conflict of interest. He was also concerned that his large stake in the cryptocurrency could affect its price and stability, which could ultimately harm its users.
So, in December 2017, Charlie Lee ( u/coblee ) shocked the cryptocurrency world by announcing that he had sold all of his personal holdings of Litecoin. He explained that he wanted to “de-risk” his personal investment in Litecoin, and that he believed that the cryptocurrency was strong enough to survive without his personal influence.
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submitted by /u/Concept-Plastic
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