PANews reported on October 17 that according to News.bitcoin, the U.S. state of Tennessee reached a multi-million dollar settlement with GS Partners to resolve allegations involving false digital assets and metaverse investments. Investors were lured to buy tokens and certificates related to physical gold, skyscrapers, and virtual equity pools. Affected investors will have 90 days to submit claims for the return of all deposited funds or cryptocurrencies. Several states also participated in the settlement, including Alabama and Texas.

As reported last week, Washington investors will receive back cryptocurrencies in GS Partners’ settlement with regulators.