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Breaking: German Crypto Bank Nuri Filed For Insolvency!
Crypto Winter officially arrived in Germany. Berlin-based digital bank Nuri filed for insolvency only two months after announcing layoffs. The crypto fintech struggled with the rout in crypto prices, and economic uncertainty. Nuri was not able to find fresh funds. In a statement, the company said that despite the filing, customers would still have full access to their current accounts (euros) and their crypto wallets and vaults (bitcoin & ether) and can continue withdrawing funds.