Abra, the digital asset prime services and wealth management platform, has launched Abra Treasury, a service for corporates that want to hold crypto on their balance sheet as a reserve asset, the company said in a press release on Monday.

The 2014 collapse of Mt. Gox served as one of the first, big crypto scandals. Over 100,000 creditors of the digital asset exchange lost over $9.4 billion worth of bitcoin — and now, nearly 10 years later, the exchange announced that it is (finally) set to start repaying its creditors in bitcoin (BTC) and bitcoin cash (BCH) as soon as July. The real story is what went down during the intervening decade. After all, a lot has happened — while, at the same time, much has remained the same in the Web3 space

Cryptocurrency firm Abra and its CEO and largest equity owner Bill Barhydt have reached a settlement with 25 state regulators. The settlement follows the states’ finding that Abra and Barhydt operated a mobile app for buying, selling, trading and investing in crypto without receiving the required state licenses, the Conference of State Bank Supervisors (CSBS) said in a Wednesday (June 26) press release. In the settlement, Abra agreed to stop accepting virtual asset allocations from U.S. Abra Trade Account customers into their products and services; agreed to stop making, buying, selling or trading cryptocurrencies available to U.S. Abra Trade customers as of June 15, 2023; and agreed to refund any remaining virtual assets on its platform for U.S. Abra Trade customers in the settling states, according to the release