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There is a funeral company in South Korea that drained customers' funeral funds.
How much did they lose in total?
Nearly 50 billion Korean won, about 260 million RMB.
The key point is, this money isn't the company's; it's from thousands of Koreans paying monthly in advance for funeral prepayments—so they can have a grand funeral when they pass away.
As a result, this damn company used the money to trade cryptocurrencies and US stocks, buying $eth and even bought Tom Lee's 2x leveraged BMNR.
They lost everything in one go.
This operation is somewhat outrageous.