Crypto bank Nuri is shutting down

Crypto bank Nuri is shutting down

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by dapp_writer005

4 years ago

Crypto bank Nuri, based in Berlin, has notified its customers to withdraw their funds from the accounts in the near future. The reason for this was the closure of the company before the end of this year. It is worth noting that there are about 500 thousand customers in total.

The Nuri team started talking about the problems back in the summer. Then the financial difficulties and insolvency against the background of the crypto winter were there. The business was not going to be closed and it was planned to work as before, but something went wrong.

The director of the bank, Christina Mayer, noted that the firm cannot continue its activities, so all users must reset their accounts by December 18, 2022. Trading will be available until the end of November. All assets are safe.

Employees of the crypto bank said that the main blow to the operation of the system was the refusal of one of the main partners from financial support. His name is not mentioned, but it is possible that this is Celsius. Celsius has previously partnered with Nuri to offer bitcoin (BTC) interest-bearing accounts to its customers. After the bankruptcy, the crypto lender blocked the withdrawal of funds by users.

Also, a post recently came out with the latest news from the Binance exchange.

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