Crypto Contagion Continues: Hodlnaut + Nuri Go Under

As the cryptocurrency market looks to recover after struggling for most of 2022, several companies have gone under due to widespread liquidity troubles and heavy market turbulence. Singapore-based Hodlnaut is now the latest crypto lender to pause withdrawals, and German-based Cryptocurrency exchange Nuri GmbH has filed for insolvency in Berlin.

  • The crypto market is not out of crypto wintery yet as more companies fall under
  • Singapore-based Hodlnaut is now the latest crypto lender to pause withdrawals
  • German-based Cryptocurrency exchange Nuri GmbH has filed for insolvency in Berlin

Since the collapse of Terra back in May, the crypto Insudry has been hit with reports of widespread liquidity troubles and heavy turbulence in the market. In addition to Terra, Singapore-based Crypto hedge fund Three Arrows Capital filed for bankruptcy in July, with several other lenders such as Celsius and Voyager Digital needing bailouts as …

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