British cryptocurrency fintech Ziglu, which collapsed earlier this year, is grappling with a funding shortfall of £2 million ($2.7 million), leaving thousands of depositors at risk of losing their investments. The company, which attracted around 20,000 customers with high-interest products like its Boost offering, was placed under special management last week due to financial mismanagement concerns. Ziglu's Boost product, launched in 2021, promised yields of up to 6% but lacked protective measures, allowing customer funds to be used for operations and lending. The UK Financial Conduct Authority intervened in May, freezing withdrawals and customer funds, exacerbating the financial strain on depositors.