On 19 May, 2021, when markets were turning red, Binance froze. As a result, the trading accounts (including futures options) of at least 700 known traders were effectively untradable for multiple hours. We believe that thousands of traders were affected, and that those traders suffered more than one hundred million USD dollars of damages.
Binance failures, however, are not just isolated to 19 May 2021; Binance has failed to meet its obligations to its community on many occasions since October 2020.
Key points:
The site’s first language is English. Google translator is used for other languages. Please refer to English for exact meaning.
The official website of the Steering Committee for the Binance Claim
Were you affected by THe big binance freeze?
The Time to Act is NOW!
If you have suffered financial loss on the Binance platform since October 2020 (especially on the 19 May 2021), you are not alone.
You may have a legal case against the exchange.
There is no risk or cost for you to join.
There is no risk or cost for you to join.
The total loss incurred across thousands of claimants around the world is expected to be in excess of one hundred million USD.
Get what is owed to you!
SIGN UP NOWCompleting form takes less than 5 minutes.
FUNDED BY LITI CAPITAL
The #1 Private Equity Firm on the Blockchain
The #1 Private Equity Firm on the Blockchain
"The international law firm of White & Case LLP has been engaged to represent affected individuals in the claims process."
(from the Committee press release)
(from the Committee press release)
AS SEEN IN
Watch David Kay's Interview on CNBC Regarding the 'Binance Case'
David Kay joins The Exchange to discuss his company’s role in litigation against Binance, a crypto currency exchange. Liti seeks damages from Binance and more crypto regulation from governments.
What's the story?
Traders have tried to contact Binance for support and compensation but have been unsuccessful.
Binance will only allow hearings to take place at the Hong Kong International Arbitration Centre at a cost of at least $65,000 per applicant.
Liti Capital SA is spearheading and funding an arbitration lawsuit on behalf of the traders who lost money.
The international law firm of White & Case LLP has been engaged to represent affected individuals in the claims process.
If you were affected, get in touch. It’s free.
SIGN UP NOW
steering committee
The Steering Committee has five members who represent the claimants and interact with the White & Case Attorneys.
Contact the Committee at sc@binanceclaim.com.
Contact the Committee at sc@binanceclaim.com.
David Kay
Head of Steering Committee
Executive Chairman & Chief Investment Officer of Liti Capital has extensive experience in strategizing with legal teams. An attorney himself, David built a billion-dollar litigation finance fund, achieving many large settlements, including one over one billion USD.
Aija Lejniece
Claimant Representative
The attorney who has been advising this group of investors against Binance, is focused on litigation and cross border disputes. Aija has advised clients in a multitude of high stakes international finance disputes, developing case strategies and contributing regulatory advice.
Fawaz Ahmed
Trader Representative
Fawaz is an experienced trader who lost over 3million USD on May 19th and has been an active advocate for this group. He has technical understanding of what Binance did and did not do to create to losses suffered by the victim of this group on May 19th.
Who is liti capital?
The #1 Private Equity Firm on the Blockchain
Claimants in the Binance case are under no obligation to pay anything at any time during the court process, regardless of the outcome.
Liti Capital is a Swiss litigation finance company whose equity is distributed and traded on the blockchain that specialises in raising finance for legal cases using blockchain. Liti Capital covers the cost of all legal fees, allowing consumers to hold big corporations to account.
- World-renowned legal team, with extensive experience managing and conducting global arbitrations. raising finance for litigation.
- The Liti Capital team has a strong experience of managing and providing strategic advices on arbitration cases atlarge portfolios of assets ($1b+), and an exceptionally high win-rate.
- A cost-effective way of accessing justice through arbitration - win or lose, no fees.
- As a company itself using blockchain technology and with its own native token, Liti has a vested interest in cleaning up the crypto space so the potential of DeFI can be realised. The company’s wLITI token is listed on the HitBTC exchange and available via Uniswap, with more exchange launches to be announced shortly
Frequently asked questions
What will it cost me to pursue a claim against Binance?
You do not need to pay anything to pursue your claim. The Steering Committee has arranged for Liti Capital SA, a Swiss-based blockchain startup specialising in raising capital for legal cases, to provide funding to permit individual traders who suffered damages as a result of the failure of Binance’s trading platform to pursue the claims process.
This type of litigation finance is frequently used by claimants to pay for the costs of preparing and pursuing legal claims in exchange for a minority percentage of compensation received. Liti Capital crowdfunds litigation costs using the LITI token to raise capital to invest in cases they believe have merit.
Liti Capital’s funding will enable affected individuals to pursue claims, including if necessary in arbitration, for compensation against Binance.
This type of litigation finance is frequently used by claimants to pay for the costs of preparing and pursuing legal claims in exchange for a minority percentage of compensation received. Liti Capital crowdfunds litigation costs using the LITI token to raise capital to invest in cases they believe have merit.
Liti Capital’s funding will enable affected individuals to pursue claims, including if necessary in arbitration, for compensation against Binance.
I lost money because Binance’s platform failed.
Can I recover my losses from Binance?
On May 19, 2021, when markets were turning red, Binance’s platform failed and the trading accounts (including futures options) of many traders were effectively untradeable for multiple hours, causing losses that may exceed one hundred million dollars. Binance account holders who traded on the platform and suffered losses then and possibly at other times as a result of the platform’s failure can seek compensation from Binance.
How do I seek compensation from Binance?
Traders who believe they may be entitled to compensation from Binance for losses caused by the failure of Binance’s trading platform can contact Binance to request compensation and obtain a ticket number. If traders are unable to resolve their disputes with Binance satisfactorily, they may pursue claims against Binance in international arbitration.
A number of traders that suffered losses due to the failure of Binance’s platform have tried to resolve matters with Binance short of pursuing legal claims, but so far have been unsuccessful. These traders intend to seek compensation from Binance, including through arbitration, if necessary, and have established a Steering Committee to provide guidance and information about the claims process against Binance. The international law firm of White & Case LLP has been engaged as legal counsel to represent these traders in the claims process.
A number of traders that suffered losses due to the failure of Binance’s platform have tried to resolve matters with Binance short of pursuing legal claims, but so far have been unsuccessful. These traders intend to seek compensation from Binance, including through arbitration, if necessary, and have established a Steering Committee to provide guidance and information about the claims process against Binance. The international law firm of White & Case LLP has been engaged as legal counsel to represent these traders in the claims process.
How do I learn more about the claims process?
Individuals who believe they suffered losses due to the failure of Binance’s platform and wish to seek compensation may contact the Steering Committee for more information by email at sc@binanceclaim.com or may refer to its website at www.binanceclaim.com.
Press Coverage
READ OFFICIAL PRESS RELEASEHear David Kay's Interview on CNBC Regarding the 'Binance Case'
David Kay joins The Exchange to discuss his company’s role in litigation against Binance, a crypto currency exchange. Liti seeks damages from Binance and more crypto regulation from governments.
NBC News
August 19, 2021
Forkast
August 19, 2021
Financial Times
August 19, 2021