News Explorer — Crypto Firm Abra to Open Withdrawals After Settling Lawsuit

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Jan 23, 3:33 am

Coindesk

Crypto Firm Abra to Open Withdrawals After Settling Lawsuit

The Texas State Securities Bureau has settled its lawsuit against Abra, allowing investors to withdraw millions of dollars worth of previously frozen funds. As part of the settlement, Abra must allow approximately 12,000 investors to claim their deposited crypto from interest-bearing accounts. The settlement dismisses enforcement actions over Abra's offering of investment products, which were deemed securities by the Texas Securities Commissioner.

The Texas State Securities Bureau has settled its lawsuit against Abra, allowing investors to withdraw millions of dollars worth of previously frozen funds. As part of the settlement, Abra must allow approximately 12,000 investors to claim their deposited crypto from interest-bearing accounts. The settlement dismisses enforcement actions over Abra's offering of investment products, which were deemed securities by the Texas Securities Commissioner.

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