Tag Archives: Cryptocurrency

Liti Capital Launches ScamBusters to Tackle Crypto Fraud

Geneva, Switzerland, September 24, 2021 -/OXBRIDGE PRESS RELEASE/- 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: https://liticapital.com/wp-content/uploads/2021/07/Liti-Capital-White-Paper-v1.0.0.pdf

For token distribution, please read Tokenomics: https://liticapital.com/wp-content/uploads/2021/06/Liti-Capital-Tokenomics-v1-1.pdf

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

Liti Capital Launches Staking for Token Holders

Geneva, Switzerland, September 13, 2021 -/OXBRIDGE PRESS RELEASE/- Liti Capital SA, a Swiss-based litigation funding provider that has opened up private equity investing to the masses through blockchain technology, is launching staking for its wLITI token.

Starting on September 13, wLITI token holders will be able to stake their tokens and receive wLITI in return.

“Staking is a crucial tool to be attractive in the DeFi space and to reward our community for supporting us long term,” says Jonas Rey, Liti Capital’s co-founder.

Token holders can stake their tokens by heading to the Liti Capital app, on the Liti Capital website, connecting a compatible wallet and selecting staking. The product does not require holders to go through any know-your-customer (KYC) checks.

At launch there will be three options for users to stake their wLITI tokens:

  • 4% APY for 30 days
  • 6% APY for 60 days
  • 9% APY for 90 days

Users will be able to withdraw their tokens whenever they need to. If a user decides they want to un-stake their tokens, instead of losing all the rewards, the system calculates how much interest the user has accumulated and issues the relevant amount back to the token holder.

“The community is one of the most important factors in the success of blockchain projects,” says Jaime Delgado, Liti Capital’s chief technology officer.

“The staking program is one of the mechanisms by which the community is rewarded for its fidelity to the project and at the same time reduces the market share of wLiti in circulation which is beneficial for both the holders of wLiti and the company,” Delgado continues.

More information on the staking program can be found at: https://liticapital.medium.com/liti-capital-launches-staking-rewards-61fef8437317

Liti Capital is spearheading an arbitration lawsuit on behalf of a group of traders who lost millions of dollars of trades on 19 May 2021 when Binance inexplicably froze their accounts for approximately one hour.

It is believed that this case – the first ever group action case in the crypto sector – will be a landmark event in defining how organisations operating in the sector behave and treat their customers.

Since the company’s launch in early 2021, it has raised USD 19 million to secure assets of up to USD 200 million, which if successful, will pay out a dividend to token holders.

About Liti Capital:
Switzerland-based Liti Capital is a Swiss limited liability company specializing in litigation finance and fintech. Liti Capital buys litigation assets to fund lawsuits and provides a complete strategic solution along with connections to top law firms to help clients win their cases. Tokenized shares of the company lower the barrier of entry for retail investors and give token holders a vote in the company’s decision-making process. Dividends are distributed to LITI token holders upon the success of the plaintiff. Jonas Rey, co-founder of Liti Capital, also heads Athena Intelligence, one of the most successful intelligence agencies in Switzerland. His two co-founders, Andy Christen and Jaime Delgado, bring operational, innovation and technical skills to round out the leadership team.

Liti Capital recently onboarded seasoned industry leader David Kay as chief information officer and executive chairman. Boasting more than a decade of experience as funding partner and portfolio manager of a billion-dollar private equity fund in the litigation financing space, Kay successfully enforced what was at the time the largest international arbitration award in history, bringing in over $1 billion in cash and securities.

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

Media Contacts:
Dean Baker, yourPRstrategist.com
[email protected]

Cecilia Wong, yourPRstrategist.com
[email protected]

Liti Capital Token wLITI Lists on HitBTC, Bringing Litigation Financing to The Masses

Geneva, Switzerland, Aug 17, 2021 -/OXBRIDGE PRESS RELEASE/- Liti Capital, the Swiss-based litigation financing company that makes private equity investing accessible to everyone through blockchain technology, listed its wLITI token for the first time on HitBTC, a centralized exchange (CEX).

wLITI’s first CEX listing follows its recent listings on decentralized exchanges Uniswap and 1inch Exchange.

Having launched earlier this year, Liti Capital is already making waves in traditional investing by bringing litigation financing — an investment practice traditionally monopolized by hedge fund heavyweights and elite investors – to the masses.

“We are very excited to list on HitBTC,” said Jonas Rey, CEO of Liti Capital, adding, “This represents a major milestone toward our goal of leveling the playing field for litigation finance. Legal claims are an extremely appealing asset class because they can be so lucrative, and we provide a means for anyone to get in on this exciting investment opportunity.”

Founded in 2013, HitBTC is one of the oldest and largest spot-trading cryptocurrency exchanges in the world. It is well-known for its state-of-the-art matching engine, high-security measures and low trading fees. With a trading robot-friendly API and 24-hour customer service, HitBTC is a popular exchange with over 800 trading pairs and more than 400 spot instruments.

According to the HitBTC team, as a project that embodies a new paradigm for traditional investing, Liti Capital represents great potential. The exchange is proud to support an initiative that makes litigation financing, an attractive but prohibitive asset class, a viable investment strategy for every investor.

Putting traditional investing on the blockchain

Litigation financing is the practice of bringing in investors to cover the cost of a lawsuit or arbitration in exchange for a portion of the profit. Litigation financing specialists, such as Liti Capital, purchase litigation assets for cases they deem to have a high chance of winning.

While litigation financing often requires an initial investment of $500,000 to $1 million from an investor, Liti Capital makes it accessible for anyone with as little as $50. It does this by tokenizing shares in Liti Capital and paying out dividends to Liti Capital (LITI) equity token holders when a case in Liti Capital’s portfolio is won.

wLITI, or “Wrapped LITI” — the token listed on HitBTC today — is Liti Capital’s ERC-20 liquidity token. It doesn’t provide access to dividends as LITI does, but wLITI can be exchanged for LITI tokens at a ratio of 5000 to 1. However, both tokens give holders the power to vote on how Liti Capital assets are used to finance crypto fraud cases that affect Liti Capital community members, an initiative that the company is dedicated to allocating between 5% and 10% of its yearly investment budget for.

Boasting a billion-dollar case portfolio

Liti Capital has already secured a healthy case portfolio with its largest case potentially worth more than $1 billion when it finally settles. Cases like these, which tend to be commercial rather than consumer or personal lawsuits, usually target large-scale corporate disputes valued at more than $10 million. While they could take years before a settlement is reached, successful litigation funders can expect to pocket between three and five times their initial investments, according to estimates by litigation finance expert Steven Friel.

To attain this goal, Liti Capital onboarded seasoned industry leader David Kay as chief information officer and executive chairman. Boasting more than a decade of experience as funding partner and portfolio manager of a billion-dollar private equity fund in the litigation financing space, Kay successfully enforced what was at the time the largest international arbitration award in history, bringing in over $1 billion in cash and securities.

“Litigation assets generally don’t correlate with the state of the economy, allowing litigation financing to thrive even in a bear market,” Kay explained, adding, “A relative newcomer to the modern investment ecosystem, litigation financing is expected to double in market value within the next six years. Our investment team at Liti Capital is actively seeking out the top opportunities in litigation assets, and aims to add at least five more multi-million dollar cases to our portfolio by this time next year.”

Listing details:
Trading date: Aug. 17, 2021, 3:00 pm UTC
Deposit opening: Aug. 16, 2021, 3:00 pm UTC
Trading pairs: wLITI/BTC
wLITI/USDT

About Liti Capital:
Switzerland-based Liti Capital is a Swiss limited liability company specializing in litigation finance and fintech. Liti Capital buys litigation assets to fund lawsuits and provides a complete strategic solution along with connections with top law firms to help clients win their cases. Tokenized shares of the company lower the barrier of entry for retail investors and give token holders a vote in the company’s decision-making process. Dividends are distributed to LITI token holders upon the success of the plaintiff. Jonas Rey, co-founder of Liti Capital, heads Athena Intelligence, one of the most successful intelligence agencies in Switzerland. His two co-founders, Andy Christen and Jaime Delgado, bring operational, innovation and technical skills together to round out the leadership team. David Kay, chief information officer, ran a billion-dollar private equity litigation finance firm in New York City before joining Liti Capital.

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

Media contacts:
Dean Baker, yourPRstrategist.com
[email protected]

Cecilia Wong, yourPRstrategist.com
[email protected]