0 sats \ 1 reply \ @cryptocoin OP 10 Aug 2022
Here's an article on this, from The Block:
German fintech Nuri files for insolvency amid market downturn
https://www.theblock.co/post/162545/german-fintech-nuri-files-for-insolvency-amid-market-downturn
reply
0 sats \ 0 replies \ @cryptocoin OP 10 Aug 2022
Nuri (Bitwala) has been around since 2015:
https://en.wikipedia.org/wiki/Bitwala
reply
0 sats \ 0 replies \ @cryptocoin OP 10 Aug 2022
They claim withdrawals (and deposits, and investments, and everything else) are still functioning but there are reports of problems withdrawing. e.g.,
https://twitter.com/FortifyCulture/status/1557107467879948288
https://nitter.it/FortifyCulture/status/1557107467879948288
But Nuri replied, asking the user to DM for assistance. So maybe they are just insolvent / cash-flow wise, but customers did not lose access to their balances or the ability to transact.
reply