Scambusters 2023

We’re back to fight crypto scammers, fraudsters & bad players in the industry.

In 2021 we launched our first ever Scambusters initiative. You can read more about our worthy winner of ‘Scambusters 2021' below.

Now we’re back - with Scambusters 2023.

Once again, we’re inviting our community to nominate crypto scam cases that can be considered for our 2023 top-10 shortlist.

From 21 April to 28 April 2023, our community will be invited to vote for the case - out of our shortlisted top 10 - that they feel most deserve free litigation support from our shortlisted selection.

What is Scambusters?

Periodically we run our Scambusters initiative whereby we invite our community to alert us to crypto scams.

We then invite the community to vote from our experts’ shortlisted nominations. The winning case will receive free investigative support courtesy of Liti Capital.

Nominated cases must involve a crypto scam and can originate from any geographic location, and must have no confidentiality provisions in place that would prevent disclosure.

There are no stipulations as to their nature (bar them being a crypto scam of fraud), the number of victims involved (there can be an individual to multiple victims), the time frame, and the finances at stake.

Once the nominations have been received from our community and shortlisted to 10, the cases are put to our community for voting.

The 10 shortlisted cases will be showcased on the Liti Capital website and within the LITI app.

wLITI or LITI token holders can then vote for the case they believe is most deserving of support.

Previous nominations (Scambusters 2021).

Scambusters 2023 - key dates

Scambusters open for case nominations

Monday 3 April 2023, 12 noon GMT

Scambusters closes for case nominations

Friday 7 April 2023, 6pm GMT

Scambusters open for community voting

Friday 21 April 2023, 2pm GMT

Scambusters closes for community voting

Friday 28 April 2023, 6pm GMT

Votes counted & winner announced

Sunday 30 April 2023, time TBC

Nominated cases can:

Involve crypto scams/fraud;

Originate from any geographical location;

Have any number of victims;

Have happened at any time;

Have any amount financially at stake.

Scambusters Community - Get Involved!

Got a crypto-related scam, fraud, or industry bad player to report?

Email us at scambusters@liticapital.com with as much information as supporting documentation as possible, or fill in this short form.

Report a Crypto Scam

Voting (voting doesn’t open until 21 April 2023)

We will shortlist 10 cases from the nominations and showcase them here from 21 April to 28 April 2023. Be sure to come back then to cast your vote.

Want a reminder? Leave your email address here and we’ll remind you when the voting opens:

Alert Me!

Top up with tokens

In order to vote, you’ll need either LITI or wLITI tokens. If you already have LITI or wLITI tokens, you can use them to vote.

If you’re new to Liti Capital or want to top up your current supply.

You can buy LITI tokens via the LITI app.

You only use your tokens to cast your vote. The tokens you vote with remain yours; voting doesn’t ‘spend’ your tokens.

You can buy wLITI through Uniswap.

Nominated cases can:

Involve crypto scams/fraud;

Originate from any geographical location;

Have any number of victims;

Have happened at any time;

Have any amount financially at stake.

Why is Scambusters so important?

Trust in the crypto sector has been damaged by scammers, con artists and fraudsters.

With a vested interest in cleaning up the cryptocurrency market, we’re committed to financing crypto-fraud cases that have affected our community members.

Cryptocurrency Scams Have Soared

According to the FTC (Federal Trade Commission), more than 46,000 people have reported losing over $1 billion in crypto to scams since the start of 2021, – that’s about one out of every four dollars reported lost - more than any other payment method.

Scammers 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.

Scambusters 2021 - The Winner

The winner of Scambusters 2021 was a victim and her daughter, who were scammed when she entered a giveaway seemingly sponsored by a major exchange on YouTube.

The scammer somehow impersonated the exchange and got access to her wallet. She lost over $50,000 in a major coin. The police and the exchange were useless and non-co-operative, ignoring requests for help or refusing to offer a refund. This scam was especially devastating to the victim as she had been diagnosed with cervical cancer prior to becoming a victim of the scam.

In fact, the reason behind her interest in the giveaway was the disadvantaged situation she was already in.

Liti Capital provided invaluable intelligence into the matter, which was provided to the police.

Voting Rules

Liti Capital ‘Scambusters' Community Vote

Liti is committed to helping rid the Crypto community of scammers, con artists, fraudsters, and bad players.

Through its Scambusters initiative, Liti Capital is supporting its community by tracking down and prosecuting criminals on behalf of victims, using the same resources as with its “day job” of litigation finance - legal teams, strategists, and intelligence operatives.

LITI SCAMBUSTERS VOTING RULES

Nominations can be received between Monday 3 April 2023, 12noon GMT and Friday 7 April 2023, 6pm GMT. Please email scambusters@liticapital.com with details of the case you would like to nominate.
Voting begins on Friday 21 April 2023, 2pm GMT and ends on Friday 28 April 2023, 6pm GMT.
You must be a wLITI or LITI token holder in order to vote. Staked wLITI will also be taken into consideration for voting.
You can vote for more than one case.
Vote by pledging all or just a portion of the LITI or wLITI tokens that you hold. Pledging tokens does not lock up nor send tokens anywhere. Voting is done by signing with your wallet a message indicating the number of tokens that you pledge to a particular case.
Every wLITI pledged counts as 1 vote and every LITI counts as 5000 votes.
Total tokens pledged across all cases combined cannot exceed the number of tokens you hold.
Liti Capital will tally votes at Ethereum block #### if at the time of the counting your wallet holds the amount of tokens that you pledged, your vote will be considered valid.
The winning case will be announced on Sunday 30 April 2023.

HOW TO VOTE

Go to https://app.liticapital.com
Click on the ‘Voting’ tab.
You will see a list of the cases.
Click on the case you would like to vote for. A window will pop up.
Select if you want to vote with wLITI or LITI and then enter the amount you want to pledge for that particular case and click submit. When you vote, your tokens never leave your wallet nor lock them up.
You will be asked to confirm a message with your MetaMask wallet. There won’t be any fees charged.
Repeat the process if you would like to vote for more cases.
At the closing of the voting period, Liti Capital will validate your votes by verifying that the total number of tokens pledged across all cases is not greater than the number of tokens in your wallet. The validation is made at a specific Ethereum block number after the closing of the voting period.

Be Part of the Scambusters Initiative

Become a Liti Capital Token Holder

As a LITI or wLITI token holder, you have the right to help select crypto scam cases Liti Capital will pursue by voting in our quarterly Scambusters community vote.

Learn More About Liti Capital Tokens

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1201 Geneva, Switzerland
contact@liticapital.com

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Liti Capital SA (“Liti Capital”) is a litigation finance company registered in Switzerland under number CHE-379.790.214. All information contained on this website is intended for general information, and should not be construed as investment advice. The information on this website is not intended to provide a sufficient basis on which to make an investment decision. It does not constitute a recommendation or take into account the particular investment objectives, financial conditions, or needs of individual investors. The information is not an offer to sell or a solicitation of an indication of interest to purchase any security of Liti Capital, or to make any investment. An investment decision should be made solely on the basis of offering documentation that Liti Capital may provide to you separately, which you should review in detail with your professional advisers. “US Persons” (as defined for purposes of US securities laws) will not be allowed to purchase any securities that may be issued by Liti Capital unless they satisfy the requirements of US securities laws, including qualifying as an accredited investor. There can be no guarantee that any security issued by Liti Capital will be profitable and investors may lose all of the capital they invest in any such securities. While Liti Capital attempts to ensure that the information contained on this website is accurate and complete, no representation or warranty, express or implied, is made as to the accuracy, completeness or reasonableness of the information contained on this website. Liti Capital assumes no responsibility for such errors and omissions, and reserves the right to make changes to content and other information on the website at any time without notice.