### What happened?
Abra, a crypto lending platform managing over $700 million in assets, has quietly paused withdrawals for international customers without a public announcement. This sudden action has sparked fears among users of a potential platform collapse similar to past incidents with Celsius and BlockFi. Customers have been unable to withdraw funds for weeks, leading them to seek answers through social media and direct appeals to the company’s CEO, Bill Barhydt.
### Who does this affect?
The withdrawal pause primarily impacts Abra’s international customers who are now unable to access their funds. These users have reported being ignored by customer service, leaving them frustrated and anxious about their investments. The situation is especially concerning for those like Alan from Guatemala, who have noticed stopped yields on their accounts and are left without clear guidance or support.
### Why does this matter?
This issue could have a significant impact on the cryptocurrency market as it mirrors previous crises where major platforms like Celsius and BlockFi collapsed, affecting investor confidence. Such events highlight the ongoing risks and instability within the crypto lending industry, potentially leading to increased regulatory scrutiny and affecting market dynamics. With Abra’s assets under management at risk, any prolonged issues could further unsettle the market and erode trust among retail and institutional investors alike.