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Korean funeral services company lost $33 million of its customers' money over a bad crypto bet — firm was secretly investing client funds into leveraged crypto ETFs
It wasn't even the only company siphoning customer funds.
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cointelegraph.com
South Korean Funeral Company Faces $33M Unrealized Loss on Leveraged Ether ETFs
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.
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coindesk.com
South Korean funeral company reveals $33 million loss on leveraged ether ETF bet
A South Korean funeral company reported a $33 million unrealized loss tied to leveraged ether ETF investments.
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cryptobriefing.com
South Korean funeral company reports $33M loss on leveraged ether ETF bet
South Korean funeral company Bumo Sarang lost $33M on a 2x leveraged crypto mining ETF using customer prepaid funds, raising regulatory concerns.
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tomshardware.com
Korean funeral services company lost $33 million of its customers' money over a bad crypto bet — firm was secretly investing client funds…
It wasn't even the only company siphoning customer funds.