Cryptocurrency lending company Abra has reached a settlement with Texas regulators and will reopen its withdrawal services
ChainCatcher news, according to CoinDesk, the Texas authorities ended the lawsuit against Abra on Monday, advancing the process for its investors to withdraw previously frozen funds worth millions of dollars.
The Texas Securities Commissioner stated in a consumer notice that under the terms of the settlement agreement, Abra must allow approximately 12,000 investors to withdraw their cryptocurrency assets deposited in interest-bearing accounts similar to Abra Boost and Abra Earn. The notice indicated that these funds were valued at about $13.6 million last year and were locked on the company's platform last summer.
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