South Korean Funeral Firm Loses $33 Million on BitMine Ethereum ETF
South Korean funeral firm Bumo Sarang has booked an unrealized $33 million loss on a leveraged crypto bet. The country’s seventh-largest provider channeled around $40 million of customers’ prepaid funds into a 2x leveraged BitMine ETF. The disclosure appeared in Bumo Sarang’s 2025 audit filed with South Korea’s Fair Trade Commission. The company called the...
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