CandleFocus Old Altcoin Bullying Solana Accused of Being a “Pump-Dump Scheme,” Developers Issue Public Statement
2025-01-13
Author: Content Editor
The Litecoin development team has defended its founder, Charlie Lee, against accusations of unethical behavior and criticism of his past. A user claimed that Litecoin and Charlie Lee's actions were part of a pump-and-dump scheme, comparing the project negatively to Solana. The Litecoin team refuted the claims, stating that Litecoin had a transparent and decentralized launch without pre-mined supply, ICO, or venture capital funding. They emphasized that Charlie Lee sold his holdings in 2017 to avoid a conflict of interest and mentioned his ongoing support for Litecoin. The team also criticized Solana's use cases and alleged involvement in scams and fraud.
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