Crypto platform Abra has reached a settlement with 25 U.S. states for operating without the necessary licenses. The agreement, led by Washington, comes after a group of eight states' regulators investigated Abra's unlicensed mobile app for crypto trading. The settlement means no penalties of $250,000 each will be required, and up to $82.1 million plus remaining virtual assets will be returned to Abra customers. CEO William Barhydt agreed to refrain from licensed money services activities in the states for five years. This isn't Abra's first rodeo, having previously been fined $300,000 by the SEC in 2020. 🤠