Overview

• Abra, a cryptocurrency platform, has reached a settlement with the Texas State Securities Board, allowing for the withdrawal of customer funds.
• Abra held approximately $13.6 million in cryptocurrencies for around 12,000 customers at the time Texas took action against the company.
• Under the settlement, Abra is required to send a check or secure bank instrument to clients who have holdings of $10 or more on the platform.
• Abra and its CEO, William Barhydt, have 30 days from the announcement of the settlement to complete their obligations.
• Any assets left after Abra's notices will be converted to fiat and directed to remaining Texas investors.