Online reports, Cointelegraph reported that Ziglu, a British cryptocurrency fintech company that collapsed earlier this year, has a funding gap of 2 million pounds (US$2.7 million), and thousands of depositors face the grim prospect of losing their investment. It is understood that the company was placed under special management last week due to growing concerns about the company's financial management after suspending withdrawal services in May. Ziglu has attracted about 20,000 customers with its promise of high interest returns, especially its "Boost" product, which has a yield of up to 6%. Boost was launched in 2021 during a period of low interest rates and is widely popular due to its higher returns. However, the product lacked protection or isolation measures, which allowed the company to use customer funds for daily operations and lending activities. After the UK's Financial Conduct Authority (FCA) intervened in May, withdrawals were frozen and depositors 'funds were frozen for weeks.