Ethereum

Abra and its founder William Bargid have reached a settlement with US financial regulators. The crypto lender pleaded guilty to providing unlicensed services and agreed to return $82.1 million to customers in 25 states. The 25 US state regulators involved in the settlement of a lawsuit against crypto lender Abra have agreed to waive a monetary penalty of $250,000 per jurisdiction to facilitate the repayment of the company's overall debt to its customers. In turn, Abra and its founder William Barhydt have committed to returning virtual assets totaling up to $82.1 million to consumers within a specified time frame. In addition, Barhydt has agreed that he will not hold management positions or participate in in any capacity other than as a passive investor for a period of five years in the business of transferring money or providing money services.