German crypto bank Nuri with 500K users files for insolvency
Cointelegraph
Published Aug 09, 2022 09:18PM ET
Updated Aug 09, 2022 11:00PM ET
Nuri, a German start-up crypto bank with 500,000 customers filed for insolvency on Aug. 9, citing major crypto sell-offs, insolvency of Celsius and other crypto funds earlier this year as a reason for the move.
The crypto bank said the move will “ensure the safest path forward” for all its customers, but also stressed that the insolvency will not affect its services, customer funds, investments, or the ability for customers to withdraw their assets from the platform.
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Written By: Cointelegraph
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