Officials with the Texas Securities Regulatory Commission on Monday settled a lawsuit against crypto lender Abra, allowing its investors to withdraw millions of dollars worth of previously frozen funds.
In a notice to consumers, the Texas Securities Commissioner said that under the terms of the settlement, Abra must allow approximately 12,000 investors to claim the cryptocurrencies they deposited in interest-bearing accounts such as Abra Boost and Abra Earn. The notice shows that the funds, worth about $13.6 million last year, were locked on the company's platform last summer. (CoinDesk)