Abra Halts Withdrawals for International Clients

The crypto lender Abra has unexpectedly suspended withdrawals for its international clients. Users fear the platform may follow in the footsteps of Celsius and BlockFi, according to DL News.

“We inform you that international Abra Earn services are temporarily suspended with immediate effect. This decision is part of comprehensive risk management measures and is due to external circumstances beyond our control,” stated a letter dated July 19, shared by Abra with journalists. 

The specific reasons remain unknown. Representatives of the crypto lender have made no public statements on the matter. 

A Quiet Crisis 

Customer complaints about Abra began to surface in June. Users report being unable to withdraw funds. Customer service ignores requests or responds with standard phrases such as: 

“Thank you for taking the time to leave feedback. Your opinion is very important to us.” 

An Abra client from Guatemala reported being unable to access $1,200. Initially, he noticed zero returns on accounts that previously generated income. Then, the withdrawal function disappeared from the app. 

Meanwhile, the CEO of the crypto lender, Bill Barhydt, continues to appear on podcasts and post daily on X. In response to his tweets, users write: 

Hey Bill, please answer to your clients, or tel your support team to do it. release the funds. or say something.

— Augusto Quiñónez (@acblueone) July 27, 2025

“Hey Bill. Please respond to your clients or have the support team do it. Release the funds or at least say something.” 

In a comment to DL News, Barhydt explained that the issues are related to clients transitioning to a new version of the Abra app. When asked about the lack of information on the project’s social media or in the media, the CEO noted that the platform informs each client individually. 

Abra’s Past Troubles

Founded in 2014, Abra positions itself as a digital asset management platform for institutional and high-net-worth investors. The company claims to manage $700 million.

Abra’s regulatory troubles began in 2020 when the SEC and the CFTC fined the platform $300,000 for offering unregistered swaps based on securities to retail investors. The situation was resolved only in 2024.

In 2023, the Texas State Securities Board accused Abra of fraud. The regulator claimed the platform secretly transferred over $118 million to Binance and concealed information about insolvency. A year later, the company reached a settlement with the agency and paid $82 million for operating without a license. 

On July 29, the popular DEX for trading perpetual futures, Hyperliquid, experienced a brief outage. Users complained about unfulfilled orders.