Crypto lender Abra has been bancrupt since March, says Texas regulator

Crypto lending agency Abra, which as soon as dealt with greater than $116 million in belongings, had allegedly dedicated securities fraud and has been bancrupt since March 31, in keeping with Texas regulators.

In a June 15 enforcement motion — together with an emergency stop and desist order — the Texas State Securities Board accused Abra and its founder William Barhydt of committing securities fraud in addition to partaking in deception concerning the sale of funding merchandise by way of its associates Abra Earn and Abra Enhance.

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