The 2022 crypto winter has claimed a new victim. On August 9, the German cryptocurrency exchange Nuri filed for bankruptcy before the Berlin court due to the prolonged bearish cycle that the crypto market has gone through since the beginning of the year.

As Handelsblatt points out, Nuri is the first German cryptocurrency company to file for bankruptcy after failing to find any short-term venture capitalists interested in helping them overcome the damages caused by the infamous “crypto winter.”

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