Litecoin Founder Addresses Years of Criticism Over Coin Sale: SatoshiLite Breaks Silence

Charlie Lee, the creator behind Litecoin (LTC), has opened up about the persistent backlash he's faced following his decision to divest from his holdings. The controversy that has haunted the legendary figure for years stems not only from the sale itself but from the broader market narrative that emerged in its aftermath.

In reflecting on the incident, Lee revealed just how severe the online criticism became. "After I announced it and sold my coins, I got a lot of hate online," he shared, highlighting the intense scrutiny that followed his public exit. What's particularly notable is how the narrative has evolved—critics have connected his actions to major market movements far beyond his control.

**The 2017 Narrative That Won't Fade**

One of the most persistent accusations Lee continues to face is being blamed for the devastating market crash of 2017. "People are still blaming me for crashing the whole market in 2017," he stated, underscoring how deeply this narrative has been embedded in crypto community memory. The 2017 period remains one of the most significant bull-bear cycles in cryptocurrency history, and the market's subsequent downturn has been attributed to numerous factors by different stakeholders.

This situation reflects a broader pattern in the crypto space where prominent figures often become focal points for blame when markets experience volatility, regardless of direct causation. For Litecoin's founder, the decision to be transparent about his holdings appears to have created a convenient target for community frustration during turbulent times.