Berlin-based crypto bank Nuri has filed for bankruptcy proceedings. This was shared on the home blog Of. According to industry information, they have about 500,000 customers and manage more than 300,000,000 euros. Bankruptcy proceedings do not have to be the end. It is believed that the temporary insolvency proceedings in the current situation of the company provide the best basis for the development of a viable long-term restructuring concept.

And what about the customers’ money?

All deposits and investments in the Nuri account are safe thanks to the partnership with Solarisbank AG. Euro bank account deposits, all bitcoin and ether deposits in wallets & vaults and Nuri Pot investments are not affected by this situation, according to the company. You still have guaranteed access to the money and can deposit and withdraw it at any time. The company has created a FAQ for customers here.

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