Customers and investors first – As we mentioned last August, the German crypto-bank Nuri is sinking because of the many icebergs of this harsh crypto winter. But, even placed in a situation ofinsolvency, the bank does not let its customers down. Nuri will, indeed, their allow to withdraw their precious cryptocurrencies, before finally bowing out.
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Nuri sinks for good, but does not take his clients to the grave
Originally founded as Bitwala in 2015, the crypto bank Nuri won’t have not survived to the various disasters that have marked this bear market (Terra and its UST, the bankruptcy of Three Arrows Capital,…).
A restructuring turns out, in fact, impossible. But, good news within bad news for neo-bank customers. In a press release published on October 19, the CEO of Nuri, Kristina Walcker-Mayerannounces that users will happily be able to withdraw their funds before the bank ceases its activities definitively. However, they will have to do so imperatively before the end of this year 2022, at the December 18 last deadline.
“(…) we ask our clients to withdraw their funds no later than 18/12/2022, so that the business can be closed and liquidated. Customers have access to their funds and will be able to withdraw them in full until the above date. All assets in your Nuri account are safe and unaffected by Nuri’s insolvency. Trading will remain possible until 30/11/2022. »
Kristina Walcker-Mayer, CEO of Nuri
Despite the situation of her business, the leader of Nuri still strongly believes in ” the power “ of blockchain technology, as well as “endless possibilities” decentralized finance (DeFi)
An unhappy ending, but in good orderincluding the poor clients of Celsius would have dreamed. Because, unlike Nuri, their case has even worsen. Indeed, the judicial liquidators of Alex Mashinsky’s crypto lending service have found nothing better to do than topublicly expose the names, surnames and possessions precise in crypto-assets of Celsius customers.
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