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The official website of the Steering Committee for the Binance Claim

Liti Capital Commits to Fight Crypto Fraud

Between 5% and 10% of Liti Capital's yearly investment budget will be used to finance crypto-fraud cases that have affected our community members.

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. The Liti Capital and its extended team have a particular set of skills to initiate lawsuits in any part of the world, hire the best legal team and find assets belonging to defendants of cases Liti Capital pursues. Liti Capital commits to allocate 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.

Click Here to Learn More About LITI & wLITI Tokens

Cryptocurrency Scams Have Soared 1,000% Since October 2020

A recent report from FTC reveals a sharp increase in the cryptocurrency investment scams from October 2020 through March 2021. Scammers, according to the FTC, are finding creative ways to con people into fraudulent crypto investments. One type of scheme offers investment "tips" online that redirect consumers to fraudulent sites. In another, scammers pose as celebrities, such as Elon Musk, and trick consumers into sending them cryptocurrency by promising that the celebrity will contribute to their investment.

Read the FTC Report

Today Crypto Scammers Operate Without Fear.
Liti Capital Will Change That.

Liti Capital aims to leverage its unique expertise in litigation finance and asset recovery to preserve and defend the interests of its own community members that have suffered damage or loss from fraudulent projects in the crypto sphere. The idea that scammers can freely operate in the crypto sphere without facing the consequences of their actions must end in order to bring trust and change the perception blockchain and crypto projects have in our society.

Case Selection Process

A community member (i.e., LITI or wLITI token holder) reports a case about a scam crypto project to Liti Capital.

Liti Capital then spreads the word among its community members to determine whether other people have been affected by the potential fraud. At this stage, community members may be asked to provide justifications regarding the nature of the fraud.

If the fraud affects a material portion of its community, Liti Capital will initiate a preliminary investigation to assess the potential outcome of the case, which ultimately determines whether the case is selected for further proceedings.

Any case that meets the Company’s underwriting requirements will result in Liti Capital inviting the members of its community that have been harmed by the fraud to validate the selection procedure by locking at least 1 LITI token or 5000 wLITI tokens in a dedicated pool implemented in a smart contract wallet. Note that LITI token holders will still be able to use their voting rights and to access dividend payments with the locked tokens. Furthermore, the company will determine the duration of the lock-up period for both LITI and wLITI and will announce it directly to its community members.

If more than one case is brought by the community, Liti Capital plans to organize different pools in which community members can either lock LITI or wLITI tokens as explained above. Liti Capital commits to pursue the case or cases that received the largest number of LITI and wLITI.

At the end of that process, Liti Capital commits to pursue the case or cases that received the largest number of LITI and wLITI. The exact number of selected cases Liti Capital can pursue at any given time will depends on each case’s estimated costs.

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