ChainCatcher news, CoinDesk investigation found that the real estate encryption project Tangible has undisclosed related transactions. Joshvun Singh, the brother of Tangible CEO Jagpal Singh, purchased properties at a discount through his company and then resold them to Tangible at a markup of up to 21%. British real estate experts questioned this.

In October 2023, Tangible's USDR stablecoin suffered a run, causing liquidity reserves to be exhausted and the price of the coin to plummet from $1 to $0.5. CoinDesk analysis shows that these undisclosed markups may have caused USDR investors to lose at least £875,590.

Tangible said it was "working hard" to compensate USDR investors, but refused to answer detailed questions. Currently, the company needs to liquidate nearly 200 UK properties, with a total value of approximately £27 million, to repay investors.