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Crypto Firm Abra To Return $82 Million To Users In US Settlement

CoinGape LogoCoinGape5d ago

Crypto Firm Abra To Return $82 Million To Users In US Settlement - CoinGape

Quick Summary:

Cryptocurrency firm Abra has reached a settlement with 25 US state financial regulators for operating a cryptocurrency company without state licenses.

The states took collective action against the firm, its subsidiaries, and CEO William Barhydt.

The firm will return about $82 million worth of digital assets to customers.

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Article Details

Author / Journalist: David Pokima

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-26 @ 22:07:32 (5 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 338 words

Reading Time: 2 minutes read

Sentences: 35 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21396872

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 51 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions

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The story "Crypto Firm Abra To Return $82 Million To Users In US Settlement" has 338 words across 35 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "Crypto Firm Abra To Return $82 Million To Users In US Settlement" was covered 5 days ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 51 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #21396872
  • URL: https://beamstart.com/news/crypto-firm-abra-to-return-17194406586413

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