According to ChainCatcher, U.S. authorities have reached a settlement with GSB Group head Josip Heit over an alleged $1 billion illegal crypto scheme. The action was initiated by five states and aims to recover millions of dollars in losses for investors.
The Texas Securities Board said the move was intended to recover funds for affected U.S. and Canadian investors. The scheme sold products such as tokenized ownership of skyscrapers and investments in the metaverse. According to the settlement agreement, participating investors will receive 100% compensation for their deposits.
Additionally, the FBI recently warned of the threat posed by North Korean hackers to Bitcoin ETF issuers.
