Liti Capital Launches ScamBusters to Tackle Crypto Fraud
The litigation funding provider is offering a 250,000 wLITI token reward for new crypto scam
Geneva, Switzerland, September 22, 2021 -- 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
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 t