THELOGICALINDIAN - Litecoin architect Charlie Lee has awash or donated his absolute Litecoin abundance to abstain conflicts of absorption arising from its advance
In a Reddit post today, Lee fabricated the hasty acceptance afterwards what he declared as “accusations” he was affianced in assorted activities for “personal benefit.”
Lee wrote:
Lee’s conception has surged in amount as allotment of a cross-altcoin advance run that has apparent assorted assets breach amazing new best amount highs.
At columnist time, 1 LTC traded at about $327 on above markets, appearance an anniversary access which has outperformed alike Bitcoin’s advance into the mainstream.
Lee had abdicate his position as US barter Coinbase several months ahead to apply absolutely on Litecoin development and accepted he would abide in this accommodation activity advanced admitting divesting himself of his holdings.
“Don’t worry. I’m not abandonment Litecoin,” he reassured Redditors.
He continued:
While abnegation to acknowledge how abounding bill he had awash and donated, Lee empiric the absolute amount was “a baby allotment of GDAX’s circadian volume.”
Litecoin has appeared to acclimate the latest storm surrounding Bitcoin Cash (BCash), which has apparent advancing advance volumes agitate markets. The arising scandal has already belted GDAX and sister operation Coinbase, forth with boilerplate account media aperture CNBC, Bitcoinist appear beforehand today.
Last week, Bitcoin.com CTO Emil Oldenburg additionally confirmed he had sold the absoluteness of his BTC holdings, swapping them for BCash.
What do you anticipate about Charlie Lee’s accommodation to advertise all his Litecoins? Let us apperceive in the comments below!
Images address of AdobeStock, Charlie Lee/Twitter
