Tennessee reaches multimillion-dollar settlement with GS Partners

Tennessee reached a multimillion-dollar settlement with GS Partners involving misleading digital asset and metaverse investments. Affected investors can submit claims within 90 days starting in November, and are expected to receive a refund of all deposited funds or cryptocurrencies. The settlement also includes other entities under the GSB Group, with related investment products involving G999 tokens, XLT vouchers, and staking pools in the Lydian World metaverse. States that have reached settlements with the GSB Group include Alabama, Arizona, Arkansas, Georgia, Texas, and Washington. GS Partners includes two companies, GSB Gold Standard Corporation AG and GSB Gold Standard Bank LTD, with the former being a corporation and the latter being a limited bank.