The LTC Foundation received hundreds of thousands of dollars in donations in the second quarter, or all from Li Qiwei.

Wang Xinxi, co-founder of the Litecoin Foundation, announced that the Litecoin Foundation received “hundreds of thousands of dollars” in the second quarter. According to historical donation trends, plus Li Qiwei (Charlie Lee) said that it will continue to "support the Litecoin Foundation financially", foreign media The Block judged that this huge sum is likely to come almost entirely from Li Qiwei. It is reported that this donation may be used to pay for the relevant meeting of the upcoming Litecoin Summit in October, because the foundation had only about $96,400 in the end of the first quarter of 19th.