Liti Capital Launches Scambusters to Tackle Crypto Fraud

The litigation funding provider is offering a 250,000 wLITI token reward for new crypto scam cases

GENEVA, Sept. 23, 2021 (GLOBE NEWSWIRE) — Liti Capital SA, the Swiss-based litigation funding provider disrupting private equity investing with blockchain technology, is launching ScamBusters, a revolutionary new tool that allows users to vote for which crypto-focused cases the company should pursue next.

Devoted to fighting fraud
Fraud within cryptocurrency and blockchain is rife. This year will be a record for investment fraud: 14,079 investment scams were reported to the FTC in the first quarter of 2021, and victims lost $215 million in this quarter alone. Liti Capital is bringing its expertise in picking, funding and winning court cases and inviting consumers to vote on which scams it should pursue in court next.

“The idea that scammers can freely operate in the crypto sphere without facing the consequences of their actions must end to bring trust and change the perception blockchain and crypto projects have in our society,” says Andy Christen, CVO/COO at Liti Capital.

Liti Capital commits to allocating between 5% and 10% of its yearly investment budget to finance cases that have affected its community members. Any LITI or wLITI token holder can report a purported fraud to the company.

How ScamBusters works
ScamBusters is a community voting event to select which crypto scam cases Liti Capital will sue. LITI and wLITI token holders can use their tokens without spending them to vote for the case(s) they think have the most merit. The more tokens they have, the more voting power they can exercise. Voters of the winning case will share an award up to 250,000 wLITI, distributed pro-rata to their votes.

Once members of the community have submitted cases on the ScamBusters website, Liti Capital instructs its team of legal experts based in 140 countries across the world to explore details of the case.

A selection of cases are then presented back to community members, with the case collecting the highest number of votes being added to Liti Capital’s portfolio. Community voting begins on September 23, 2021, with the first winning case announced on October 15, 2021.

“If cryptocurrency is going to become the de facto way people take part in the Web3 world, trust, regulation and a robust legal system are all parts of that puzzle,” says Jonas Rey, CEO at Liti Capital.

About Liti Capital
Liti Capital is bringing the litigation asset class to everyone through Blockchain technology with LITI tokens, an equity token that is a share of stock in Liti Capital SA. The launch of LITI and wLITI tokens allows any investor to engage in the high-performing litigation finance market previously only available to elite investors.

For project information, please read the Whitepaper.
For token distribution, please read Tokenomics.

Liti Capital Official Channels

Liti Capital Website: https://liticapital.com
Liti Capital Telegram: https://t.me/Liti_Capital_Official
Liti Capital Telegram Announcements: https://t.me/Liti_Capital_Official_ANN
Liti Capital LinkedIn: https://www.linkedin.com/company/liti-capital
Liti Capital Twitter: https://twitter.com/liticapital
Liti Capital Medium: https://medium.com/@liticapital
Liti Capital Reddit: https://www.reddit.com/r/liticapital
Binance Claim: https://binanceclaim.com

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin21,490 0.15 % 0.70 % 12.83 %
Ethereum1,248.5 0.66 % 2.40 % 25.44 %
Tether1.001 0.04 % 0.13 % 0.01 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB239.76 0.19 % 0.02 % 21.47 %
XRP0.3701 0.49 % 0.11 % 19.64 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Binance USD1.002 0.24 % 0.04 % 0.09 %
Solana41.69 1.18 % 0.19 % 31.04 %
Polkadot8.240 1.79 % 0.41 % 16.59 %

bitcoin
Bitcoin (BTC) $ 21,449.00
ethereum
Ethereum (ETH) $ 1,240.75
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 239.33
xrp
XRP (XRP) $ 0.367821
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.505476
solana
Solana (SOL) $ 41.26
polkadot
Polkadot (DOT) $ 8.11