Funeral Service Company Invested Customer Prepayments, Suffers ₩49 Billion Loss from Ethereum-linked Leveraged ETF

South Korean funeral service provider Bumo Sarang reportedly incurred an unrealized loss of approximately ₩49.3 billion (around $32.7 million) after investing about $40 million in customer prepayments into a leveraged exchange-traded fund (ETF) linked to Ethereum. This incident has reignited concerns about the regulatory oversight of the funeral industry, which is supervised by the Fair Trade Commission rather than financial authorities.

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