Charlie Lee, the creator of Litecoin issued a warning against Litecoin Cash through a tweet after developers carried out a fork on the Litecoin blockchain earlier in February.

The fork led to the creation of Litecoin Cash which is abbreviated as “LLC” but it seems as if things might not have gone as expected following the recent warning by Lee through a tweet. The Litecoin creator denied having been involved in any Litecoin fork and even described the recent fork as a scam.

Lee’s statement has led to fears about scammers trying to take advantage of the opportunity to trick investors. Litecoin creator and former Google employee believes that the creators of Bitcoin Cash are simply looking to take advantage of the fact that Litecoin has a strong and attractive reputation with the aim of pulling off a success similar to that of Bitcoin Cash. the latter has also been a source of controversy but it has been doing so well ever since the Bitcoin fork that took place last year, leading to the creation of Bitcoin Cash.

“It confuses people into thinking Litecoin is splitting. The Litecoin community has no interest in splitting. It’s just some people trying to make a quick buck. And calling it Litecoin gives them some legitimacy,” stated Lee in an interview with CoinDesk.

The official website for Litecoin Cash reveals that the Litecoin fork took place on February 18 and its transaction bandwidth is four times higher than that of Bitcoin. This is courtesy of the 2.5 minutes of block time and the website also claims that it is 90 percent cheaper than Litecoin.

There was also an announcement that all Litecoin holders would receive about 10 LCC at the time of the fork. This led to a surge in the price of Litecoin as investors jumped in to take the opportunity. It has also led to a strong bullish performance in the price of Litecoin Cash from an opening price of $1.40 to a high of $9.25, just two days afterward. CoinDesk also revealed that Litecoin has only been trading on the TradeSatoshi and YoBit cryptocurrency exchanges.