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UK digital bank and cryptocurrency platform Ziglu enters special receivership

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2025-07-10 02:14:28
Ziglu, a British digital bank and cryptocurrency platform founded by former Starling Bank co-founder Mark Hipperson, has entered special receivership and is facing serious financial difficulties, according to Crowdfundinsider. Ziglu was founded by former Starling Bank co-founder Mark Hipperson, who raised money in multiple rounds of crowdfunding and was nearly acquired by US brokerage Robinhood.
The UK's Financial Conduct Authority (FCA) has imposed restrictions on Ziglu on June 13, banning it from issuing e-money, providing payment services, or operating as a crypto-asset exchange and wallet provider. Ziglu has urged all customers to withdraw e-money and crypto assets from exchange and wallet accounts.
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