Crypto Lender Abra Has Been Insolvent for Months, State Regulators Say

“At the least as of the date of the interview, events collectively working as Abra had been or had been practically bancrupt,” the submitting stated. “However the forgoing, Plutus Monetary Holdings, Inc., or an affiliate or subsidiary thereof, posted data in an official social media platform that represents: ‘There isn’t any fact that Abra is bankrupt or about to be. It continues to function regular prefer it at all times has all through a number of bear markets since its launched [sic] again in 2014.'”