Cryptocurrency platform Abra and its CEO William Barhydt have reached an agreement with 25 US states for operating without the appropriate licenses. 📉 Regulators from Arkansas, Connecticut, Georgia, Ohio, Oregon, Texas, Vermont and Washington determined that Abra operated an illegal mobile application for buying, selling and trading cryptocurrencies. As part of the agreement, the states will not require fines of $250,000 each to cover the cost of refunding customers. Up to $82.1 million and all remaining virtual assets will be returned to Abra customers in settled states.