DAO1 and Apertum Foundation have received a securities fraud warning from Lithuania.

The Bank of Lithuania added DAO1 and Apertum Foundation to its list “of entities without the right to provide financial services (including investment, insurance)” on October 30th, 2025.

Offering unregistered securities to Lithuanian residents is a violation of Lithuanian financial law.

DAO1 is a fraudulent investment scheme built around Apertum Foundation’s APTM token.

Both schemes are owned and operated by convicted fraudster Josip Heit (right).

Originally from Croatia but believed to hold a German passport, Heit launched DAO1 and Apertum Foundation after GSPartners collapsed.

GSPartners was a fraudulent investment scheme built around its G999 token. For all intents and purposes, DAO1 and Apertum Foundation are a continuation of the fraud Heit started with GSPartners.

GSPartners collapsed in late 2023 following over a dozen regulatory fraud warnings from North American regulators.

Heit settled GSPartners fraud charges with North American regulators in September 2024. As part of the settlement, which remains ongoing as of October 2025, Heit agreed to refund GSPartners victims in settling jurisdictions.

In addition to Lithuania, DAO1 and/or Apertum Foundation fraud warnings have been issued by Germany, New Zealand and Australia.