Litecoin Crashes After Litepay CEO Says It's Ceasing Operations
Litecoin Foundation made a statement that it was contacted a few days ago by Kenneth Asare, the CEO of LitePay, informing them that he has ceased all operations and is preparing to sell the company. Litecoin is down 40.25% over the past month, 10% over the past 24 hours, and is currently trading at $134 USD according to Coinbase.com.
