Nuri will shut down on 18 December 2022, with customers having until then to withdraw their funds.
The German neo-bank became insolvent in August, after is failed to secure an acquirer.
Nuri CEO Kristina Mayer wrote to customers on Tuesday, assuring them that all their funds remained safe.
In cryptocurrency news today, crypto bank Nuri, which filed for temporary insolvency in August after a tough year made worse by the collapse of one its business partners and the failure to get an acquirer, is shutting down.
But before it does, the German-based crypto bank has asked its customers to withdraw their funds by December 18, 2022.
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Nuri’s 400,000+ customers to withdraw funds
Nuri, formerly Bitwala, launched its operations in 2015, and saw massive growth in the years that followed as more people looked to tap into the benefits of crypto banks.
Yet, as CEO Kristina Mayer noted in a letter...
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