The U.S. has reached a settlement with the head of GSB Group over an alleged $1 billion illegal cryptocurrency scheme, and investors will receive full compensation

ChainCatcher news, according to CoinGape, U.S. authorities have reached a settlement with GSB Group head Josip Heit regarding an alleged $1 billion illegal crypto scheme, initiated by five states. The Texas Securities Commission stated that the move aims to recover funds for affected investors in the U.S. and Canada.

It is reported that the scheme sold investors tokenized ownership of skyscrapers, as well as products like metaverse investments and crypto assets backed by redeemable gold. According to the settlement agreement, participating investors will receive 100% compensation of their deposits.

In addition, the FBI recently warned that North Korean hackers pose a threat to Bitcoin ETF issuers.