The bankrupt cryptocurrency fintech company Ziglu has a funding gap of $2.7 million

Odaily Planet Daily reported that Ziglu, a British cryptocurrency fintech company that went bankrupt earlier this year, has a funding gap of £ 2 million ($2.7 million), and thousands of depositors are facing the grim prospect of losing their investments. It is reported that due to increasing concerns about the company's financial management, the company was placed under special management last week and had suspended withdrawal services in May. Ziglu has attracted around 20000 customers with its promise of high interest returns, especially its "Boost" product, which has a yield of up to 6%. Boost was launched during the low interest rate period in 2021 and was widely popular due to its high return rate. However, the product lacks protection or isolation measures, allowing the company to use customer funds for daily operations and loan activities. After the intervention of the Financial Conduct Authority (FCA) in May, withdrawal operations were frozen and depositors' funds were frozen for several weeks. （Cointelegraph）