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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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UK encryption financial company Ziglu collapses with a £2 million funding shortfall affecting 20,000 users.
[CoinWorld] July 13 news, the UK crypto assets fintech company Ziglu, which collapsed earlier this year, has a funding gap of £2 million ($2.7 million), leaving thousands of depositors facing the dilemma of losing their investments. Concerns over the company's financial management have intensified, leading to it being placed under special administration last week, having previously suspended withdrawal services in May. Ziglu attracted about 20,000 customers with promises of high-interest returns. However, its products lacked protections or segregation measures, allowing the company to use customer funds for daily operations and lending activities. After the UK's Financial Conduct Authority (FCA) intervened in May, withdrawal operations were frozen, and depositors' funds were locked for several weeks.