City of Detroit files record nuisance lawsuit against crypto-based real estate firm
DETROIT – Detroit officials launched what they’re calling the city’s largest-ever nuisance abatement lawsuit against RealToken, a cryptocurrency-based real estate platform, citing widespread unsafe living conditions and code violations across hundreds of properties. The lawsuit targets more than 400 homes owned by RealToken, which has accumulated approximately $500,000 in violations for neglect and unsafe conditions.