Weekly Roundup 06/16/23 (Prometheum madness, the Hinman emails, HK's crypto banking play) (EP.431)
On The Brink with Castle Island
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The Fallout From Abra's Insolvency
crypto lender Abra has been hit with an emergency cease and desist order by the Texas State Securities Board. It alleges that Abra, otherwise known as Plutis Financial has been insolvent for months. Earlier today, Abra announced that they were leaving the US. This is still playing out the credit crunch of last year, you know, the big events with FTX with three arrows with Genesis.
Play episode from 34:27
Transcript
