James Fickel Loses $43.7M By Going Long On BTC/ETH Trading Pair!

The post James Fickel Loses $43.7M By Going Long On BTC/ETH Trading Pair! appeared first on Coinpedia Fintech News

Reportedly, between 10th January and 01st July, he had borrowed 3,061 WBTCs worth $172M. He processed this through AAVE and later swapped it with 56,445 ETH tokens at a rate of 0.054. Notably, since 07th August he has spent 12M USDC to buy 211 WBTCs and later exchanged 16k Ethereum for 671 WBTCs for $39.9M at 0.042 to repay AAVE. Following this, he currently holds 2,196 WBTCs worth $132M and lost 18,000 ETH tokens worth $43.7M in total.