According to new allegations, the US-based crypto money company Abra went bankrupt months ago, but kept this situation hidden from its investors and the public.
Approximately for 10 years New allegations about Abra operating in the crypto money industry shock effect created. The Texas State Securities Board (PTSD), which took action to illuminate the current situation, an urgent notice by publishing Abra deceiving the public announced and legal initiated the transaction.
The Board said that Abra at least March of 2023 He claimed that he had been in bankruptcy since last month.
In the warning issued by the Board, Abra’s bankruptcy platforms tens of millions of dollars stressed its value. According to the report, Abra’s Babel $30 million in Finance around, in Genesis same way 30 million dollars And $10 million at Three Arrows Capital (3AC) amount of assets. As all of the companies in question are in the process of bankruptcy, Abra cannot withdraw its assets from these accounts.
On the other hand, the accusations were not limited to hiding the bankruptcy. The notice also Abra Boost, Plutus Lending and founder of Abra William Barhydt‘of misled the public And securities fraud it was emphasized. The regulator said Abra has offered investments in Abra Earn and Abra Boost, but that these investment proposals misleading statements claimed to contain
According to the information conveyed, the regulatory agency met with the founder Barhydt in March 2023 and said that the company that it might go bankrupt shared documents. In the details of the report, Barhydt’s conclusion at the time that you do not object place was given.
Assets secretly transferred to Binance
PTSD secretly spied on Abra’s assets in the process. to Binance claimed to convey. February 2023′The board that submitted the records in Abra’s Binance accounts at that time $118.5 million He declared that he has assets worth:
Abra Trade and Respondent Plutus Lending secretly transfer their assets to Binance Holdings Limited DBA Binance AKA Binance. As of February 2023, Abra Trade and defendant Plutus Lending had assets worth $118,581,732 on Binance.
Regulatory agency about these allegations and Abra’s current status hearing to do what you are planning An exact date has not been specified yet.