South Korean Funeral Company Reports $32.7M in Unrealized Losses from Crypto Investment

Bumo Sarang, a South Korean funeral mutual aid company, reported approximately $32.7 million in unrealized losses on its investment of around $40 million into leveraged cryptocurrency ETFs using customer prepaid funds.

By Pooja Rajkumari Wed, May 20, 2026 at 1:32 AM GMT+3 3 min read · Yahoo Finance · May 19, 2026, 22:32 UTC

Topics: crypto customer funds ETFs funeral services unrealized losses

Read the full article at Yahoo Finance

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