Texas regulators have introduced that cryptocurrency lender Abra has been bankrupt since March.

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Abra, a cryptocurrency finance firm that when dealt with greater than $116 million in belongings, has been bankrupt since March 31 after being accused of committing securities fraud, in line with Texas regulators.

In enforcement on June 15 motion The Texas Securities Fee, together with an emergency cease order, accused Abra and its founder William Barheit of not solely committing securities fraud, but additionally promoting funding merchandise via its associates Abra Ahn and Abra Increase. accused of partaking in deception concerning

Enforcement actions in opposition to Abra, its associates and CEO William Barhydt. Supply: Texas Securities Fee.

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