Key Takeaway:
- New Jersey Attorney General advises state investors to withdraw funds from Abra.
- Abra facing multistate investigation for selling unregistered securities.
- Settlement reached between Abra and New Jersey Bureau of Securities.
- Investors to reclaim remaining assets on Abra platform.
- Abra winding down U.S. operations following enforcement actions.
- Similar settlement made with Texas State Securities Board.
New Jersey Attorney General’s Warning on Abra
The New Jersey Attorney General, Matthew Platkin, urges investors to retrieve their funds from the crypto platform Abra before its exit from the U.S. market.
Settlement with Abra and New Jersey Bureau of Securities
A settlement was reached between Abra, William Barhydt, and the New Jersey Bureau of Securities addressing the illegal sale of interest-bearing crypto accounts.
Enforcement Actions and Abra’s Wind-Down
Abra initiates the wind-down of its U.S. operations following enforcement actions, with investors allowed to withdraw their funds as part of the settlements.
