The CEO said clients will be able to withdraw their funds until December 18, while trading will be available until November 30.
The German-based crypto bank – Nuri – revealed it will terminate its operations due to the harsh consequences of the crypto winter and the negative macroeconomic environment.
It informed that customers have until December 18 to withdraw their funds from the platform, while trading will be possible until November 30.Over the past several months, Nuri has been seeking venture capitalists and potential acquirers who could fix the company’s financial issues caused by the ongoing crypto winter. In August, it, Nuri’s CEO – Kristina Walcker-Mayer – said the current economic conditions are so tough that the company failed to find the investors it needed.
“Unfortunately, we have not been able to find investors to continue our mission and have asked our customers to withdraw their funds by 18/12/2022 at the latest, so the business can be terminated and liquidated. Customers have access and will be able to withdraw all funds until the aforementioned date.”
The executive assured clients that their assets are “safe and unaffected” by Nuri’s insolvency. Trading cryptocurrencies will not be possible after November 30.Despite halting its operations, the company remains a keen proponent of blockchain technology and digital assets.
“Even though we weren’t able to continue writing our story, the power of technology and the endless possibilities of blockchain-based finance won’t end here.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Hear! Hear! New regulations help Fort Worth company and your pocketbook - CEO SpotlightHear! Hear! New regulations help Fort Worth company and your pocketbook
Baca lebih lajut »
The economy may be slowing but you'd never know it from this banker - CEO SpotlightCurtis C. Farmer, Chairman, President & CEO, Comerica Inc. joins David Johnson on this episode CEO Spotlight.
Baca lebih lajut »
Elon Musk-Twitter saga: A look at the major playersTesla CEO Elon Musk has until Oct. 28 to close the Twitter deal before the Delaware Court of Chancery moves forward with a legal trial in November.
Baca lebih lajut »
Banijay CEO Marco Bassetti Criticizes Global Streamers’ Approach To Rights – Mipcom CannesBanijay CEO Marco Bassetti has criticized the global streamers’ approach to rights and data sharing, as he predicts “in five-to-10 years time IP and talent will be the most important wa…
Baca lebih lajut »
Foxconn’s CEO hopes to one day make Tesla’s carsAs the iPhone assembler expands into EVs.
Baca lebih lajut »
Mercedes CEO says Europe's gas crisis will accelerate its shift to renewables | CNN BusinessEurope's gas crisis will be 'a catalyst' for Mercedes-Benz to push deeper into clean energy, says its CEO.
Baca lebih lajut »