Crypto Investors in New Jersey Urged to Remove Assets from Abra

New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have advised investors to immediately withdraw funds from the crypto platform Abra due to alleged violations of state securities laws. 

Following a multi-state investigation led by the Texas State Securities Board, Abra. Which raised over $116 million nationwide, including $2.97 million from New Jersey, is winding down its U.S. operations. Investors will receive refunds with their crypto assets converted to U.S. dollars. And amounts less than $10 will remain on the platform for withdrawal. 

Uncashed checks or remaining funds will be transferred to the New Jersey Department of the Treasury’s Unclaimed Property Administration.

Clever Robot News Desk 13^th August 2024