Collapsed Crypto Firm Ziglu Faces $2.7M Deficit Amid Special Administration

Millions In Savers’ Cash Goes Missing After Crypto Company Collapses - Thepodiummedia

Thousands of savers face losing their investments after a shortfall worth millions of pounds was discovered at a collapsed cryptocurrency company. Administrators have discovered a £2m black hole at Ziglu, a British fintech business that suspended withdrawals in May and was put into special administration last week. The company attracted savers with promises of market-beating interest rates and was once valued at £126m. But many of its 20,000 cus…

Ziglu Faces $2.7 Million Shortfall, Potential Losses for Boost Savers Amid Administration

The post Ziglu Faces $2.7 Million Shortfall, Potential Losses for Boost Savers Amid Administration appeared on BitcoinEthereumNews.com. Ziglu’s recent financial collapse reveals a $2.7 million shortfall, putting thousands of crypto savers at risk of significant losses. The British fintech’s popular “Boost” product, offering high-interest returns, was not safeguarded, leading to frozen withdrawals and investor uncertainty. According to COINOTAG, …

Collapsed crypto firm Ziglu faces $2.7M deficit amid special administration

The post Collapsed crypto firm Ziglu faces $2.7M deficit amid special administration appeared first on Daily Truth Report • DailyTruthReport.com.

CoinStats - Collapsed crypto firm Ziglu faces $2.7M defi...

Thousands of savers face potential losses after a $2.7 million shortfall was discovered at Ziglu, a British crypto fintech that entered special administration. Thousands of savers face the grim prospect of losing their investments after administrators uncovered a 2 million pounds ($2.7 million) shortfall at Ziglu, a British cryptocurrency fintech that collapsed earlier this year.The company, which suspended withdrawals in May, was placed into sp…

Crypto Made Me Broke… Then Taught Me Everything About Money

Three months ago, I did something both bold and borderline stupid. It was the end of the month. I had… Read More: Crypto Made Me Broke… Then Taught Me Everything About Money

Sometimes the cost of being wise is worth paying

As The Telegraph has noted this morning: I am shocked, I tell you, truly shocked that a crypto company might have failed, taking its customers' funds with it. I mean, how could such a thing have happened? I hope you get my irony. Crypto is not fintech. It's just a massively high-risk gambling option. I am sure fools and their money will always be parted, but please do not fall for it. There is literally nothing of value in crypto, and absolutely…