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South Korea's Seventh-Largest Pension Firm Loses $32.73M on Ethereum Leveraged ETF in 2025

GateNews

Derivatives Data Stocks

2026-05-19 08:31:01

ETH0.45%

BMNR-5.82%

According to Korean Economic Daily, Bumo Sarang, South Korea's seventh-largest pension relief company, lost approximately $32.73 million in 2025 after investing 59.5 billion won in a Bitmine Ethereum 2x leveraged daily ETF last year. The company recorded total losses of 49.3 billion won from this single investment. A comprehensive review of 2025 audit reports for 75 pension relief companies revealed that 42.7% hold total assets below pre-collected funds owed to clients, indicating potential insolvency if all customers simultaneously withdraw funds.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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