Analysis of Abra's Texas State Securities Board Filing

The filing alleges that Plutus Financial, Plutus Lending and Barhydt: 

Around March 31, 2023, state securities regulators interviewed CEO Barhydt with Abra allegedly being collectively insolvent or nearly insolvent at this time. Moreover, Abra made statements to investors and potential investors that were misleading or "likely to deceive the public." The lawsuit clarifies that there is no impact or prohibition on the return of assets to Abra Earn and Abra Boost investors.