Odaily Planet Daily News: Earlier this year, the UK cryptocurrency fintech company Ziglu, which went bankrupt, has a funding gap of £2 million ($2.7 million), and thousands of depositors face the grim prospect of losing their investments. It is reported that due to increasing concerns about the company's financial management, it was placed under special administration last week, after having suspended withdrawal services in May. Ziglu attracted about 20,000 customers with promises of high-interest returns, especially with its 'Boost' product, which offered yields of up to 6%. Boost was launched during the low-interest period of 2021 and became popular due to its high return rates. However, the product lacked protections or isolation measures, allowing the company to use customer funds for daily operations and lending activities. After the UK Financial Conduct Authority (FCA) intervened in May, withdrawal operations were frozen, and depositors' funds were frozen for several weeks. (Cointelegraph)