Cryptocurrency platform Abra reaches settlement with 25 US states and will return $82.1 million and all remaining virtual assets

According to TechFlow, cryptocurrency platform Abra and CEO William Barhydt have reached a settlement with 25 US states because they operated without a license.

Under the settlement, the states will not be required to pay a $250,000 fine each to cover customer repayment costs. Up to $82.1 million and any remaining virtual assets will be returned to Abra customers in the settling states.