Announcement on LitePay, Litecoin Foundation

To the Entire LTC Community,

Wij desired to inform you that a duo of days ago, the Litecoin Foundation wasgoed contacted by Kenneth Asare, CEO of LitePay, informing us that he has ceased all operations and is preparing to sell the company.

Prior to that, the foundation had approached Kenneth regarding his less than semitransparent nature with the company and to express our, and the community’s, concerns regarding his latest Reddit AMA.