I believe everything we're seeing Lee do is because he's a narcissist[1] and is simply incapable of accepting failure. I read an article[2] recently on how a narcissist handles failure and it fits this situation perfectly. Just some of the steps (it's a long article):
▣ Insist everything is fine, claim any evidence otherwise is false.
▣ Attack not only the evidence, but anyone presenting it.
▣ Find someone to blame for their troubles (in this case Libera).
▣ Never take responsibility, EVER, it's always someone's else fault.
▣ Lies increase and are repeatedly exponentially.
▣ If it appears the narcissist is going to be brought down, they will start lashing out to make others suffer. They will NOT go down alone.
▣ As the end nears, the suffering of others becomes paramount.
IRC was important to Lee growing up as jeltz noted. So he obtained control over Freenode because it was the largest IRC network in the world, and owning it made him feel good. But eventually, because he's a narcissist, he wasn't satisfied merely owning it, he wanted to run it. He probably felt only he knew best how to do so, because he's a narcissist. That started the failure and it's all been downhill ever since, because he can't accept that failure.
If I'm correct, it's going to get much worse, and much uglier, in the weeks and months to come. Lee's going to start attacking his current toadies and enablers as well, and doing more and more things to cause suffering to anyone he feels is remotely connected to the "appearance" of him failing. (Because remember, he's incapable of admitting he failed.)
[1] In particular Malignant Narcissist Personality Disorder, an actual mental health disorder, not just someone who likes themselves a bit too much.
[2] https://www.psychologytoday.com/us/blog/spycatcher/202007/wh...