China
Odaily
Shenzhen Economic Crime Investigation Unit Warns of 'RWA Real Estate Tokenization' and 'Blockchain Evidence Deposit' Scams
- Scammers market fake 'RWA real estate tokenization' projects, falsely claiming real estate can be converted into tradable crypto tokens to lure victims into fraudulent investments.
- Some fraudsters also offer bogus 'blockchain evidence deposit' (blockchain notarization/certification) services, misrepresenting them as legally valid proof to deceive consumers.
- Shenzhen's Economic Crime Investigation Division advises the public to be wary of investment pitches and services that invoke trendy blockchain/RWA terminology and to verify legitimacy through official channels before participating.