Nuri GmbH, one of the crypto money exchanges in Germany, requested the start of the bankruptcy process in its application in Berlin.
Nuri, formerly known as Bitwala, was founded in 2015. According to the statement made by the Nuri management, what drove the stock market to bankruptcy was both in the cryptocurrency market both the collapse Celsius Network’s downfall it happened.
The decline in crypto money prices has been accompanied by the crises experienced by companies such as Celsius and Voyager over the past months. Another example of these is what was once one of the largest hedge funds in the industry, but in July. Three Arrows Capital, which has filed for bankruptcy it happened.
According to the statements of Nuri management, even though the stock market is in the process of bankruptcy, users of the stock market will still be able to access their funds on the platform.