James Fickel's Significant Loss in BTC/ETH Trading

9/14/2024 7:01:14 AM

According to @lookonchain, James Fickel (@jamesfickel) incurred a loss of approximately 18,000 ETH (valued at $43.7 million) by taking a long position on the BTC/ETH trading pair. From January 10 to July 1, he borrowed 3,061 WBTC (worth $172 million) from Aave and exchanged it for 56,445 ETH at a rate of 0.05424. Since August 7, he has spent $12 million USDC to purchase 211 WBTC and exchanged it. (Source)

USDC Aave ETH WBTC James Fickel

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