State Financial Regulators Settle With Abra to Return Cryptocurrency Assets
June 27, 2024
June 27, 2024
WASHINGTON, June 27 -- The Conference of State Bank Supervisors issued the following news release on June 26, 2024:
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Up to $82 million in virtual assets to be returned to customers
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Twenty-five state financial regulators have taken collective action against Plutus Financial, Inc., Abra Trading, LLC, Plutus Financial Holdings, Inc., Plutus Lending, LLC (collectively known as "Abra"), and CEO and largest equity owner William & . . .
* * *
Up to $82 million in virtual assets to be returned to customers
* * *
Twenty-five state financial regulators have taken collective action against Plutus Financial, Inc., Abra Trading, LLC, Plutus Financial Holdings, Inc., Plutus Lending, LLC (collectively known as "Abra"), and CEO and largest equity owner William & . . .