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SEC Charges Abra With Unregistered Sales of Crypto Asset Securities
26.8.2024
The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing to register the offers and sales of its crypto asset lending product, Abra Earn. The SEC also accused Abra of operating as an unregistered investment company...
New Jersey Urges Investors to Withdraw Assets from Abra
13.8.2024
New Jersey state officials are sounding the alarm for residents with funds still tied up in the Abra…
Abra Launches Treasury Service for Corporates That Want to Hold Crypto
1.7.2024
The service will provide corporates, family offices and non-profits with a range of digital asset treasury management solutions
Crypto Lender Abra to Return Assets to Texas Investors
25.1.2024
Following regulatory scrutiny, crypto lender Abra has agreed to a settlement. The settlement, which focuses on Abra’s alleged unregistered securities offerings, will see the company returning assets to Texan investors. Abra Agrees to Refund Texas Investors in Settlement Over Crypto Offerings...
Texas Securities Board Orders Crypto Lender Abra to Return Assets to Investors
23.1.2024
Source: Pixabay Crypto lender Abra has reached an agreement with the Texas State Securities Board to return customers’ frozen funds. The ruling comes after the authority filed an emergency cease and desist order and accused the company of securities fraud. Per the settlement agreement published...
Crypto lender Abra has been insolvent since March, says Texas regulator
16.6.2023
Abra and its CEO William Barhydt have been issued with an emergency cease and desist order
Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble
3.5.2022
A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions...
Fiat-to-Crypto Partnerships Expand Abra’s Footprint to 150+ Countries
7.12.2020
Abra is expanding its crypto marketplace to dozens more countries through partnerships with four fiat-to-crypto gateways
Abra Crypto App Charged by SEC for Transactions Affecting Thousands of US Stock and ETF Purchases
13.7.2020
Abra cryptocurrency app has been charged by two U.S. regulators: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The company has agreed to cease-and-desist orders as well as fines. The SEC says Abra’s employees “effected thousands...