Jun 26, 08:00 PM

Crypto Firm Abra Settles with 25 U.S. States Over Licensing Violations, Will Return $82 Million

On June 26, cryptocurrency investment platform Abra reached a settlement with financial regulators in 25 U.S. states for operating without the required state licenses. The settlement includes an agreement for Abra to return up to $82 million in cryptocurrency to its U.S.-based customers. The firm and its CEO were found to have operated their mobile app without the necessary licensing, leading to the regulatory action.

#Abra

Written with ChatGPT (GPT-4o).

Sources

Reuters@Reuters
2 years ago
Crypto firm Abra reaches settlement with US states for operating without licenses https://t.co/6JgX1Tf9hP https://t.co/p4kG9q10n1
BecauseBitcoin.com@BecauseBitcoin
2 years ago
[REUTERS] Crypto firm #Abra reaches settlement with US states for operating without licenses
CoinDesk@CoinDesk
2 years ago
Crypto investment platform @AbraGlobal has settled with 25 U.S. states for operating without the required licenses, and will return up to $82 million in crypto to U.S.-based customers. @cheyenneligon reports https://t.co/Fb5KpPs2TO

Crypto Firm Abra Settles with 25 U.S. States Over Licensing Violations, Will Return $82 Million

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