> She also claims their assessment of people signing up to KitSplit is effective at blocking 99.99% of bad actors and stopping millions of dollars of theft on t

> She also claims their assessment of people signing up to KitSplit is effective at blocking 99.99% of bad actors and stopping millions of dollars of theft on the platform Interesting way to phrase it: "..effective at blocking 99.99% of bad actors". It sounds precise yet it is anything but because it says nothing about how many "bad actors" there are. Hundreds? Thousands? Millions? And over what period of time? A year? A day? 5 minutes? Any one of those factors could make orders of magnitude difference to the chance that one's property will be stolen. If fraud were really as infrequent as they seem to suggest, then it seems like they should be able to absorb the losses. As it is, it appears they've so far concluded that the negative publicity will cost them less than the actual losses.