NuGenesis Seeks Litigation Funding for Claim Against FTX

Gunnar Larson g at xny.io
Tue May 9 13:15:43 PDT 2023


Check out my new article:
https://litigationfinancejournal.com/nugenesis-seeks-litigation-funding-for-claim-against-ftx/

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NuGenesis Seeks Litigation Funding for Claim Against FTX

NuGenesis (the purveyor of NuCoin), is reported to be exploring AI and
litigation finance as investment tools in claims against  FTX and Alameda
Research’s alleged fraud.

Cointelegraph characterizes
<https://cointelegraph.com/press-releases/the-fall-of-ftx-and-rebirth-of-nugenesis-the-untold-tale-of-nugenesis-and-bitboy>
NuGenesis
as a well respected source for quality innovation in the digital asset
ecosystem. After NuCoin was attacked by FTX, executives at NuGenesis began
to employ AI technology to digest what could be happening behind the scenes
at Alameda and the Japanese arm of FTX.

Touted as ‘groundbreaking’ by Cointelegraph, NuGenesis’ crypto fraud
detection software has been instrumental in uncovering alleged
inconsistencies of fiduciary duty across FTX’s global enterprise. NuCoin is
said to have tallied almost $55B in potential damages associated with
potential FTX scams against the token.

The FTX saga could yield new opportunities for litigation financiers in the
crypto litigation space. As an added bonus, we have included 185 highlights
<https://drive.google.com/file/d/11tbgHgDg8qagomO-NBffvIFpxXKmBC3g/view?usp=drivesdk>
to
the Office of Legal Education’s “Prosecuting Computer Crimes” handbook for
reference.
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