Futures traders who buy futures contracts purely for leveraged speculation frequently lose more money than what they put in when prices move against them, triggering margin calls that requires additional top up of money in order to keep the contract alive or be forcefully closed out. Yes, many a multi-million corporations have gone bankrupt due to abuse of futures trading. Too many futures traders have abused the leverage of futures trading by buying futures contracts with almost all their money, expecting prices to go straight up without keeping a reasonable reserve to serve margin calls for those short term price fluctuations. These futures traders frequently lose all their money and more, casting a shadow on futures trading, making futures more dangerous than it really is.