PANews reported on May 19th that, according to the Korea Economic Daily, Bumo Sarang, South Korea's seventh-largest pension and social welfare company, invested 59.5 billion won of its operating funds in a daily double-return leveraged ETF of Ethereum-themed stock Bitmine last year, incurring a loss of 49.3 billion won (approximately US$32.73 million). A comprehensive review of the 2025 audit reports of 75 pension and social welfare companies revealed that 42.7% of the companies' total assets were lower than the prepayments owed to customers, meaning that if all customers simultaneously terminated their contracts, the companies would be unable to provide full refunds.
South Korea's seventh-largest pension relief company lost approximately $32.73 million investing in an Ethereum leveraged ETF.
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Author: PA一线
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