Sony-backed cryptocurrency bank Nuri has shut down operations after failing to find an acquirer or outside investment. The company had previously suffered from market conditions, filing for bankruptcy in August.
The company previously raised $45 million in funding from investors, including Sony Financial Ventures, Coparian and Earlybird Venture Capital, according to Dealroom.
After filing for bankruptcy amid the downturn in August, CEO Kristina Walcker-Mayer said in a statement on Tuesday that Nuri had tried to develop a restructuring strategy that would allow it to continue. go down.