GSPartners Refund Scam: Broken Refund Promises
Thousands of GSPartners members outside North America were promised full refunds after the company’s collapse. Instead, many say the process became a lengthy and confusing journey with no clear outcome.
Refunds Promised After the Collapse
After the September 2024 North American settlement, GSPartners told investors outside the settlement regions they could also request refunds. Unlike the official settlement, this process was voluntary and managed internally through GSPro.
GSPro+ and DAO1 Migration
In early 2025, GSPartners launched GSPro+ and instructed members to update their accounts, complete KYC verification, and create DAO1 accounts. Many investors later claimed the process focused more on migration than refunds.
Full Refunds in USDT
By September 2025, the company stated eligible members could receive full refunds in USDT (ERC-20) after completing the required steps. Multiple emails repeated this promise and encouraged users to migrate to DAO1.
Confusing Refund Process
Company communications referenced both internal refund programs and the official North American settlement, creating confusion. The legal settlement was handled by AlixPartners, while GSPro managed its own refund process separately.
Refunds Shifted to New Products
In 2026, members were offered two options: request a refund or transfer their balances into the DAO1 ecosystem. Around the same time, APTM DAO and MinerBot investment products were introduced, leading critics to argue that cash refunds had been replaced with new investment opportunities.
SK Austria Klagenfurt Extends Sponsorship
In 2026, members were offered two options: request a refund or transfer their balances into the DAO1 ecosystem. Around the same time, APTM DAO and MinerBot investment products were introduced, leading critics to argue that cash refunds had been replaced with new investment opportunities.
Questions Still Remain
GSPro claimed that tens of thousands of users had completed the refund process. However, public evidence confirming widespread cash payouts remains limited. Many investors continue to report delays and uncertainty.
