Abra
SEC Charges Abra for Failing to Register $600 Million Crypto Lending Program
- The SEC claims that Abra Earn should have been registered as a security and that Abra held over 40% of its total assets in investment securities.
- Abra agreed to settle the charges by paying civil penalties and accepting an injunction against further violations.
Monday, 26/08/2024 | 20:29 GMT by
Jared Kirui
Abra Settles with 25 US State Regulators, Agrees to Return $82M to Customers
- The crypto lender already ceased offering its retail services in the US on 15 June 2023.
- The settlement waived any penalties that otherwise would have been imposed by the regulators.
Thursday, 27/06/2024 | 06:09 GMT by
Arnab Shome
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