Golden Finance reported that U.S. regulators reached a settlement with GSB Group on an alleged $1 billion cryptocurrency scam, aiming to recover funds for affected investors. The settlement shows regulators' growing concern about illegal activities in the crypto space. GSB Group CEO Josip Hite said the agreement is intended to resolve the financial losses of thousands of investors in North America. The settlement involved cooperation from regulators in multiple states, including Texas, Alabama and Georgia. The case highlights the importance of investor vigilance and the need for greater transparency and accountability in the crypto market.