Liti Capital Introduces ScamBusters To Battle Crypto Fraud

Scambusters from Liti Capital

And there’s a 250,000 wLITI token reward for the highest selected new crypto scam cases.

Geneva, Switzerland – September 22, 2021: Introducing ScamBusters, a novel tool by Liti Capital SA that revolutionizes community-driven ecosystems. It enables users, anyone who owns a LITI or wLITI token, to vote for specific crypto-focused scam cases they believe the company should investigate next.

Devoted to fighting fraud

With fraud on the rise, this year setting the record for investment fraud (14,079 investment crypto scams being reported to the FTC), and victims losing millions of dollars this quarter, Crypto seems to be a lawless Wild West, with coyotes and bandits at every corner. Fortunately, Liti Capital is bringing in its expertise in winning, picking, and funding court cases. Additionally, it has stayed true to the core values of the original crypto movement by allowing consumers to vote on which specific scams it should pursue in court next, community-based scambusting.

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

Liti Capital has promised to allocate about 5% to 10% of its yearly investment budget toward finance cases that have hurt its community members. Any LITI or wLITI token holder can report a purported fraud to the company, and tap into the company’s resources to defeat scammers far and wide.

How ScamBusters works

ScamBusters is a community voting event where token holders select which crypto scam cases Liti Capital should sue. The more tokens they hold, the greater degree of voting power they wield. LITI and wLITI token holders may use their tokens without spending them to vote for the cases they think have the most merit. Voters of the winning case then share an award up to 250,000 wLITI, distributed pro-rata to their votes.

Once members of the community have submitted cases onto the ScamBusters website, Liti Capital instructs its multinational team of legal experts based across 140 countries to explore the intricate details of the case and study the legal avenues by which to blow the lid on these fraudulent actors.

A selection of cases are then shown 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.

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