{"id":146625,"date":"2025-01-13T11:00:34","date_gmt":"2025-01-13T09:00:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146625"},"modified":"2025-01-13T04:29:04","modified_gmt":"2025-01-13T02:29:04","slug":"litecoin-founder-charlie-lee-faces-major-accusations","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/litecoin-founder-charlie-lee-faces-major-accusations\/","title":{"rendered":"Litecoin Founder Charlie Lee Faces Major Accusations"},"content":{"rendered":"

These allegations, which surfaced online, claimed that Lee exploited Litecoin<\/a> <\/strong>for personal gain, describing his actions as an early “pump-and-dump” scheme.<\/p>\n

A social media user alleged that Lee reserved a significant portion of Litecoin for himself and sold it at the height of the 2017 bull market, comparing Litecoin unfavorably to Solana. The Litecoin team responded by emphasizing the project\u2019s transparency and decentralized origins, highlighting that Litecoin launched in 2011 without pre-mining, an ICO, or venture capital funding. Lee reportedly mined and purchased Litecoin like other participants and sold his holdings in 2017 to eliminate potential conflicts of interest, averaging $205 per coin\u2014below the market\u2019s peak price at the time.<\/p>\n

The team also detailed Lee\u2019s continued support for the cryptocurrency, including financial contributions through the Litecoin Foundation, funding partnerships with organizations like the UFC, and hosting annual Litecoin Summits costing over $250,000. Lee has remained actively involved in Litecoin\u2019s technical development and advocacy.<\/p>\n