In brief
- Detroit has sued Real Token and 165 affiliated LLCs in what it claimed is the largest nuisance abatement suit yet.
- Tenants across over 400 properties allegedly lived without heat, water, or working showers.
- The city is seeking repairs, rent escrow, and personal liability from the founders of the crypto platform.
Detroit sued crypto real estate startup RealToken LLC and affiliated corporate defendants, in what it says is the largest nuisance abatement lawsuit in its history.
Filed Tuesday in Wayne County Circuit Court, the lawsuit names the Florida-based company’s co-founders, Remy and Jean-Marc Jacobson, along with 165 corporate defendants.
The suit alleges that Real Token, a blockchain-based real estate investment platform,…
Jul 04 2025
