According to Odaily Planet Daily, New Jersey Attorney General Matthew J. Platkin, the Department of Consumer Affairs and the New Jersey Securities Administration announced that investors in the state should immediately withdraw funds from the crypto trading and lending platform Abra. Previously, several U.S. states investigated the company's sale of interest-bearing accounts, which allegedly violated state securities laws. Abra, led by CEO William John "Bill" Barhydt, raised more than $116 million nationwide, including $2.97 million from New Jersey investors. New Jersey regulators said the investigation initiated by the Texas Securities Commission led Abra to gradually shut down its operations in the United States. Cari Fais, acting director of the Department of Consumer Affairs, said the agreement requires Abra to return the funds it raised through the illegal sale of unregistered securities in New Jersey.