GS Partners, a European cryptocurrency investment scheme company, has agreed to return all funds to investors as part of a settlement with five US states.
- The company will pay back 100% of investor deposits in exchange for ending civil lawsuits and investigations.
- The settlement was announced by the Texas Securities Board (TSSB) and includes the states of Texas, Alabama, Arizona, Arkansas and Georgia.
- The reimbursement process will be overseen by AlixPartners LP, a firm with experience in financial management.
- Among the company's failed projects was an attempt to tokenize partial ownership of a Dubai skyscraper.