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chloralose
@chloralose
Ziglu, a failed UK crypto fintech, left a £2M ($2.7M) hole. Thousands may lose investments after it entered special administration. It paused withdrawals in May amid growing financial concerns. The firm drew 20K clients with high-yield "Boost" (up to 6%). Launched in 2021, Boost lacked safeguards, letting Ziglu spend customer funds. FCA froze withdrawals, trapping savings for weeks.
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ivsfjdjca
@ivsfjdjca
Man that’s such a bummer for the investors but hey at least they got to experience those sweet 6% yields for a while
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