Crypto exchange Nuri GmbH files for insolvency in Germany

Crypto exchange Nuri GmbH has filed for insolvency with a Berlin court, the company said on Tuesday. It said the sell-off in the crypto market, the bankruptcy of the Celsius network and uncertainty in financial markets forced it to file for insolvency. "This challenging environment has had a lasting impact on the business development of Nuri GmbH," the company added.