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Thursday, August 8, 2024
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    HomeFinanceA Texas regulator says cryptocurrency lender Abra has been bancrupt since March

    A Texas regulator says cryptocurrency lender Abra has been bancrupt since March

    Crypto-lending agency Abra, which as soon as dealt with greater than $116 million in loans, has been charged by Texas regulators.

    June 15 motion The Texas Securities and Alternate Fee has charged Abra and its founder, William Barhydt, with securities fraud, in addition to fraud associated to the sale of funding merchandise via its associates, Abra Earn and Abra Enhance.

    Enforcement motion in opposition to Abra, its affiliated associates and CEO William Barhydt. Supply: Texas State Securities Fee.

    Proceed studying Coin Telegraph.

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