Cryptocurrency
"Tech Startup Wants To Gamify Suing People Using Crypto Tokens"
Primary Source ↗Blockchain(s)
Avalanche
Incident Details
Tech startup “Ryval”, which is formally launching in 2022, announced its plans to allow “everyday Americans” to bet on the outcomes of civil lawsuits, potentially raising funds for the parties. While the company is spinning this as “mak[ing] access to justice more affordable”, I have considerably less faith that allowing crypto investors to decide on who and what is worthy of a lawsuit (or at least which lawsuits are likely to be “profitable” to them) will somehow introduce more equality into the American legal system.
Technical Details
- Vendor / Product
- Ryval launch
Timeline
- 2021-10-26 Breach occurred
- 2021-10-26 Publicly disclosed