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UK Crypto Platform Ziglu Declares Bankruptcy and Enters Special Administration
Summary: According to reports, UK crypto fintech startup Ziglu has entered special administration on July 7th due to financial difficulties, signaling the company's official bankruptcy. Ziglu, previously authorized by the FCA, offered crypto investment and payment services. In June, it froze Boost accounts and voluntarily restricted operations, revealing financial issues. The FCA emphasized that its crypto ...
According to reports, UK crypto fintech startup Ziglu has entered special administration on July 7th due to financial difficulties, signaling the company's official bankruptcy. Ziglu, previously authorized by the FCA, offered crypto investment and payment services. In June, it froze Boost accounts and voluntarily restricted operations, revealing financial issues. The FCA emphasized that its crypto business was unregulated, with unclear timelines and feasibility for customer asset withdrawals. The special administrator will oversee the bankruptcy process and asset distribution.
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