New Jersey Warns Crypto Investors: Withdraw from Abra

Shiva Ganesh

New Jersey issued a cease and desist order to Abra, halting the sale of unregistered interest-bearing crypto accounts

The order aims to protect investors from potential fraud and misrepresentation by Abra

This action is part of a coordinated effort with other states to regulate crypto platforms

Abra and its associated entities face significant civil penalties for their violations

Investors are advised to withdraw their funds from Abra to avoid potential losses

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