According to Odaily, New Jersey Attorney General Matthew J. Platkin, along with the Division of Consumer Affairs and the New Jersey Bureau of Securities, announced on Monday that investors in the state should immediately withdraw their funds from the cryptocurrency trading and lending platform Abra. This announcement follows investigations by multiple U.S. states into the company's sale of interest-bearing accounts, which allegedly violated state securities laws. Abra, led by CEO William John 'Bill' Barhydt, has raised over $116 million nationwide, including $2.97 million from New Jersey investors. New Jersey regulators detailed that an investigation initiated by the Texas State Securities Board has led to Abra gradually shutting down its operations in the United States. Acting Director of the Division of Consumer Affairs, Cari Fais, stated, 'The agreement announced today requires Abra to return the funds it raised through the illegal sale of unregistered securities in our state. These funds belong to New Jersey investors, and we want to ensure they get their money back.'