A South Korean funeral company reported a $33 million unrealized loss tied to leveraged ether ETF investments.

A South Korean funeral company invested some of its customer funds in leveraged Ether ETFs and is currently sitting on a $33 million unrealized loss.

A South Korean funeral company reported a $33 million unrealized loss tied to leveraged ether ETF investments.

South Korean funeral company Bumo Sarang lost $33M on a 2x leveraged crypto mining ETF using customer prepaid funds, raising regulatory concerns.