“The corresponding consent orders will settle all state matters related to the Abra App in the U.S. for the period from March 2021 to June 2023,” the spokesperson said. “Since June 2023, 99% of assets held by U.S. retail customers of Abra using the Abra App have already been returned – over $250 million. Abra continues to operate in the United States through Abra Capital Management, an SEC-registered investment advisor, that allows clients to invest in crypto, earn yield, stake and borrow against their crypto holdings.”
Related posts
-
Bankrupt Crypto Exchange FTX Set To Begin Paying Creditors and Customers in Early 2025, Says CEO
The CEO of fallen crypto exchange FTX says the firm will begin distributing its bankruptcy payments... -
Another U.S. SEC Democrat to Drop Out, Leaving Republicans Running Agency by February
Commissioner Jaime Lizárraga is leaving January 17, he said in a Friday statement, which could give... -
FTX Provides Details On $16 Billion Distribution Timeline For Customers And Creditors
The long-awaited resolution for nearly $16 billion in funds owed to users and customers of the...