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Abra’s Collapse Imminent Because You Clearly Should Have Known Better

Crypto NewsDeFiHack 2 Kevin Nelson August 16, 2024

An illustration: A cartoon crypto trading and lending platform (Abra) with an alarm clock ringing in front of it. The platform is shown as crumbling down into pieces while a red "Collapse Imminent" sign appears above the scene, amidst falling coins and dollar signs. In the background, people are running away from the collapsing structure, looking worried or panicked. A few investors can be seen holding their heads in despair, surrounded by scattered papers with numbers on them. The atmosphere is chaotic and tense, conveying a sense of urgency and warning to withdraw funds immediately.

Oh boy, another crypto scam bites the dust. Who’s surprised? Not me! I mean come on folks, it was only a matter of time before these get-rich-quick schemes came crashing down around them like they always do. And let this be a lesson for all you would-be cryptocurrency millionaires out there: if it sounds too good to be true, IT IS TOO GOOD TO BE TRUE

Source: bitcoin.com

New Jersey Regulators Urge Crypto Investors to Withdraw Funds From Abra
https://news.bitcoin.com/new-jersey-regulators-urge-crypto-investors-to-withdraw-funds-from-abra
New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw funds from crypto platform Abra. This follows a multi-state investigation into the platform’s alleged violations of state securities laws. Affected investors will receive refunds, with crypto assets being converted to U.S. dollars. New Jersey (NJ) Attorney General Matthew J. Platkin, the Division of Consumer Affairs, and the New Jersey Bureau […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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