PANews reported on June 4 that according to This Is Money, the Boost account service of the British crypto platform Ziglu was frozen and customers were unable to withdraw funds. The service provides up to 6% interest income on crypto assets, but is not regulated by the UK Financial Conduct Authority (FCA) and is not covered by the Financial Services Compensation Scheme.

The FCA issued a restriction order on May 16, prohibiting Ziglu from disposing of Boost account assets. The platform said it is working with regulators to develop a fund return plan and promised to provide the latest progress before June 13. Customers reported that their accounts have been frozen for more than two weeks. Although the platform claims that the funds are risk-free, the lack of specific safeguards has caused concern. Ziglu CEO said that it plans to transfer assets to a regulated fiat currency account within June. The platform was acquired by Robinhood in 2022, and its general investment accounts are currently unaffected.