According to Bitcoinnews, the Tennessee State Securities Department announced that GS Partners reached a multi-million dollar settlement with Tennessee for allegedly fake investment schemes. GS Partners allegedly attracted investors through digital assets related to the metaverse, such as G999 tokens, XLT token vouchers, and virtual pledge pools, and made false promises linked to physical assets such as gold and skyscrapers. Investors will have 90 days to submit a refund application during the appeal period starting in November, and GS Partners will refund all investment funds or cryptocurrencies.