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