German Crypto Bank Nuri Asks Clients to Withdraw Funds as It Goes Out of Business – Bitcoin News

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Insolvent crypto bank Nuri tells clients to withdraw funds after failing to find investors.

Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer.Crypto bank and exchange Nuri has instructed users to withdraw their funds by Dec. 18, 2022 at the latest.

The chief executive pointed out that the platform will continue to support trading until Nov. 30, 2022. The announcement comes after Nurifor 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.

 

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