According to Golden Finance, James Fickel lost about 18,000 ETH ($43.7 million) by going long on the BTC/ETH trading pair, according to Lookonchain monitoring. From January 10 to July 1, he borrowed 3,061 WBTC (172 million) from Aave and exchanged it for 56,445 ETH at an exchange rate of 0.05424. Since August 7, he has spent 12 million USDC to buy 211 WBTC and exchanged 16,000 ETH for 671 WBTC ($39.9 million) at a price of $0.042 to repay Aave's debt. He currently has a debt of 2,196 WBTC ($132 million) on Aave, with a total loss of about 18,000 ETH ($43.7 million).