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SEC Charges Abra With Unregistered Sales of Crypto Asset Securities

[Aug 26 7:16 PM] 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…

U.S. SEC Settles with Abra Over Unregistered Sales of Securities

[Aug 26 7:07 PM] Abra has agreed to a settlement with the U.S. Securities and Exchange Commission over accusations the platform, owned by Plutus Lending, inappropriately pushed Abra Earn to customers when the product qualified as a security that should have been…

Abra settles with SEC over unregistered securities charges

[Aug 26 6:29 PM] The SEC announced securities charges against the lending platform over its Abra Earn service but also said the firm had settled with pending civil penalties and an injunction.

New Jersey Regulators Urge Crypto Investors to Withdraw Funds From Abra

[Aug 13 12:16 AM] New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw funds from crypto platform Abra. This follows a multi-state investigation into the platform’s…

Abra Acquires Valkyrie’s Tron and Zilliqa Trusts

[Jul 13 2:40 PM] According to a recent report, the cryptocurrency company Abra has acquired a collection of digital currency trusts from Valkyrie Investments. The transaction, which includes Valkyrie’s Tron and Zilliqa trusts, was reportedly concluded before Abra…

Trading platform Abra purchased Valkyrie’s crypto trusts: Report

[Jul 12 2:37 PM] Abra purchased the trusts amid a settlement with 25 US state regulators connected to financial licensing violations.

Abra Launches Digital Assets Treasury Solutions Amid Rising Crypto Demand

[Jul 1 1:17 PM] Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to…

Abra Launches Treasury Service for Corporates That Want to Hold Crypto

[Jul 1 2:00 AM] The service will provide corporates, family offices and non-profits with a range of digital asset treasury management solutions.

Abra Settles With 25 States for Operating Without Licenses, Will Return Up to $82M to U.S. Customers

[Jun 26 1:59 PM] Crypto investment platform Abra and its founder and CEO William “Bill” Barhydt have settled with 25 state financial regulators for operating its mobile application without the proper licenses, according to a Wednesday announcement from the…

Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations

[Jun 26 1:45 PM] Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts…

Crypto Lender Abra to Return Assets to Texas Investors

[Jan 25 2:30 PM] 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…

Abra to Open Withdrawals After Settling with Texas Regulators

[Jan 22 9:33 PM] Tk

Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order

[Jun 15, 2023 7:30 PM] According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been…

Crypto Lender Abra Has Been Insolvent for Months, State Regulators Say

[Jun 15, 2023 1:33 PM] Crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday.

Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition 

[Jun 9, 2023 3:30 PM] In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of…

Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’

[Feb 28, 2023 1:00 PM] According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several…