South Korean Funeral Firm Loses $33 Million on BitMine Ethereum ETF
South Korean funeral agency Bumo Sarang has booked an unrealized $33 million loss on a leveraged crypto wager. The nation’s seventh-largest supplier channeled round $40 million of consumers’ pay as you go funds right into a 2x leveraged BitMine ETF. The disclosure appeared in Bumo Sarang’s 2025 audit filed with South Korea’s Fair Trade Commission….
