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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

… Bumo Sarang treated an extremely sensitive investment that's really only meant for day trading as a long-term play. The crypto market has fallen hard from last year so not only did the company face that upfront loss, but it also has to eat up the volatility decay from each fluctuation. …

May 21, 2026 · Hassam Nasir
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