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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

ETH0.94%

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.

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