The Limited Times

Now you can see non-English news...

Fintech company Nuri: Crypto platform files for bankruptcy

2022-08-09T20:44:19.621Z

Uncertain markets due to the war in Ukraine: According to the company, the insolvency proceedings are the best basis for developing a restructuring concept. However, customer balances are not affected.



Enlarge image

Screenshot of the website: The Nuri crypto platform files for bankruptcy

Photo: NURI

The Berlin-based crypto platform Nuri filed for bankruptcy on Tuesday after unsuccessful talks with investors.

The company, which was founded in Berlin in 2015, applied to the district court to open insolvency proceedings.

Among other things, Nuri pointed to the ongoing after-effects of the corona pandemic and economic and political uncertainties in the markets after Russia's attack on Ukraine, which put start-up companies under enormous pressure.

Negative developments in the crypto markets, including the bankruptcy of several crypto funds, have resulted in falling share prices.

This had a lasting negative impact on the business development of Nuri GmbH.

"We are confident that the insolvency proceedings in the current company situation represent the best basis for developing a long-term viable restructuring concept," says Nuri boss Kristina Walcker-Mayer.

The "Handelsblatt" had previously reported. 

more on the subject

  • Bitcoin, Ethereum and Co. crash: Crash in KryptolandBy Janne Knödler

  • Trouble about the Coinbase stock exchange: When the hangover comes after the crypto partyBy Michael Brächer

Balances of Nuri customers on the bank accounts, crypto wallets and the so-called Nuri pot investments are not affected.

"Even during the insolvency proceedings, Nuri customers continue to have guaranteed access to their deposits and can withdraw them in full at any time," the statement said on Tuesday.

The euro deposits and crypto assets are protected through Solaris Bank.

According to the crypto platform, it has around 500,000 customers and intends to continue its app, products and services unchanged.

ani/Reuters/dpa

Source: spiegel

All business articles on 2022-08-09

You may like

News/Politics 2022-07-14T07:38:13.692Z
News/Politics 2022-06-16T13:57:58.233Z

Trends 24h

Business 2022-09-30T17:00:45.653Z
Business 2022-09-30T18:18:33.897Z

Latest

© Communities 2019 - Privacy