Tag: NURI

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. 

EstonianFinantsinspektioon issued a warning against Baumont Solutions OÜ and the scam 24NewsTrade on April 13, 2020. Spanish CNMV issued a warning against Baumont Group Ltd and its scams StockFX and 24NewsTrade on June 15, 2020, The German BaFin issued a Cease and Desist Order against 24NewsTrade on May 25, 2021. This did not bother the scam operators. 24 News Trade is still online. On 11 Sept 2021, the Austrian FMA issued an investor warning.