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Crypto Lender Abra Remains Insolvant Since March: Texas Regulator
The Texas State Securities Board has issued an emergency cease and desist order against crypto lender Abra, alleging that the company had been insolvent at least since at least 31 March 2023. Abra Faces Enforcement Action According to the US state regulator, Plutus Financial (commercially known as Abra), Abra Boost, Plutus Lending, and Abra founder William Barhydt misled the public and also committed securities fraud. Barhydt founded Abra in 2014 and offers cryptocurrency trading, lending, and b...
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Posted: Jun 16 2023, 07:45
Author Name: financemagnates
Views: 110710