Multiple independent-language sources, led by Hong Kong Yahoo Finance (a local news outlet), consistently report a 26-year-old trader at Chief Wealth (致富管理服务) arrested around July 20, 2026 for allegedly misappropriating HK$50 million company funds as margin for a leveraged position in the CSOP 2x Long SK Hynix ETF (07709.HK), with roughly HK$150 million paper loss driven by double leverage after the ETF crashed over 72% from HK$193.65 to HK$52.58. The ETF's existence and its sharp mid-July 2026 slump are independently confirmed by Futunn and Binance Square market reports. The consistent, specific corroboration across primary local news and market data supports the claim. Confidence is medium rather than high because much of the crypto-media coverage traces back to a single WeChat/Wall Street CN origin and official police/court confirmation was not directly located.