Den tyske kryptobank Nuri beder kunderne om at hæve penge, efterhånden som den går i stå

Den digitale aktivplatform Nuri har bedt kunderne om at hæve deres midler inden for de næste to måneder, efter at have taget et hit fra kryptovinteren. Tidligere kendt som Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer.

Nuri to Maintain Trading Until Last Day of November, Prepares to Close Down

Crypto bank and exchange Nuri has instructed users to withdraw their funds by Dec. 18, 2022 at the latest. The Germany-based company will then terminate and liquidate its digital asset business, according to a letter from its CEO Kristina Walcker-Mayer, who assured:

Customers have access and will be able to withdraw all funds until the aforementioned date. All assets in your Nuri account are safe and unaffected by Nuri’s insolvency.

The chief executive pointed out that the platform will continue to support trading until Nov. 30, 2022. The announcement comes after Nuri indgivet for temporary insolvency in August. Reports at the time noted that it became the first German fintech to make the move in a challenging year for crypto startups.

Nuri launched in 2015 and for a few years, until the rebranding in 2021, operated under the name Bitwala. Over the years, the company went through ups and downs but this year’s challenges became insuperable.

The tough economic and political conditions prevented it from attracting investors and raising new funds. The insolvency of one of its main business partners worsened the situation even further, and despite working closely with its administrators on a restructuring plan in the past three months, Nuri was unable to find an acquirer.

While many companies operating with digital assets saw significant growth when crypto prices reached their all-time highs last year, many were hit hard by the market slump in 2022 and events such as the bryder sammen of the terrausd (vækstmarkedsføring hos Kraken) stablecoin in May. Finding an investor has proven difficult. For eksempel, last month online payments firm Bolt scrapped a deal to buy crypto provider Wyre.

Do you expect other German crypto companies to go out of business in the near future? Del dine tanker om emnet i kommentarfeltet nedenfor.

Lubomir Tassev

Lubomir Tassev er en journalist fra det teknologikyndige Østeuropa, der kan lide Hitchens' citat: "At være forfatter er, hvad jeg er, i stedet for hvad jeg gør." Udover krypto, blockchain og fintech, international politik og økonomi er to andre inspirationskilder.

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