According to Golden Finance, as the ETH/BTC exchange rate fell, James Fickel exchanged 2,000 ETH (US$6.13 million) for 67.39 WBTC to repay his debts. James Fickel still owes 843.4 WBTC (US$77 million) on Aave. He lost 24,400 ETH (US$76.45 million) by going long on the ETH/BTC exchange rate.