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LTC Foundation chat leaked: No evidence of development, lack of transparency

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The leaked conversation between the founders of Litecoin Charlie Lee and Franklyn is circulating on Reddit and Twitter. In the conversation, Lee admits that there is no real improvement in the company. He also admits the lack of transparency and confidentiality. Later, CryptoRus, who published the leaked chat pictures, tweeted another screenshot of the conversations that Charlie Lee admitted to telling Franklyn in a semi-public chat room.

Assuming these pictures are not fake, we can say that Charlie Lee made some confessions about the LTC’s “progress”. In response to his testimony that Franklyn was disappointed to discover that no progress has been made in the LTC since the announcement, Lee said no one was interested in working with the Litecoin protocol. He also said that (LTC) is decentralized money and that people should stop looking at it that way to make things happen.

This leaked conversation came as news for people under the impression that LTC was making progress as promised by its executives. People think the future of LTC is cruel. Litecoin recently realized its halving activity. People had expected prices to rise, but so far there hasn’t been a noticeable change.

At the next LTC summit, Chalie Lee may face a tough line of inquiry from the Litecoin community. The chat also says that investing money in the project will not help LTC and that an authorized developer is not ready to work for LTC.

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