softnarrative
@softnarrative
Ziglu, a failed UK crypto fintech, left a £2M ($2.7M) hole. Thousands may lose investments after it went into special administration. It paused withdrawals in May amid growing financial concerns. The firm drew 20k users with high-yield promises, like its 6% "Boost" product. Boost lacked safeguards, letting Ziglu use customer funds for operations. FCA stepped in, freezing withdrawals for weeks.
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