NuGenesis Seeks Litigation Funding for Claim Against FTX - Litigation Finance Journal

Gunnar Larson g at xny.io
Sat May 13 13:16:15 PDT 2023


Hey Richard:

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

---@

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 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
to the Office of Legal Education’s “Prosecuting Computer Crimes” handbook
for reference.
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