RealT, a Florida-based RWA issuer, is being sued after offering tokenized shares of dozens of homes it does not own. Additionally, code and tax violations have accumulated over 408 properties in RealT’s possession. This incident highlights a serious potential problem for the entire RWA market. Can these companies really offer returns on property incomes, or will Ponzi schemes power investor yields? RealT’s Detroit RWA Plan As befitting the crypto crime supercycle of 2025, many novel scams, hacks, and other frauds are preying upon investors right now
source: https://beincrypto.com/rwa-crypto-real-estate-firm-ponzi-scheme/