According to Foresight News, Bitcoin.com News reports that Tennessee has reached a multi-million dollar settlement with GS Partners over misleading cryptocurrency and metaverse investments. Affected investors will have a 90-day window starting in November to submit claims, with the expectation that all deposited funds or cryptocurrencies will be refunded.

Previously, Foresight News reported that multiple U.S. states had ordered GS Partners to cease operations, accusing the organization of deceiving investors in various cryptocurrency schemes. GS Partners comprises GSB Gold Standard Bank Ltd., Swiss Valorem Bank Ltd., and GSB Gold Standard Corporation AG, all controlled by Josip Dortmund Heit.