ETH/BTC exchange rate bull James Fickel has lost about 18,000 ETH
ETH/BTC exchange rate bull James Fickel has lost about 18,000 ETH (US$43.7 million).
From January 10 to July 1, Fickel borrowed 3,061 WBTC (172 million) from Aave and exchanged them 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 $0.042 to repay Aave's debt.
Currently, Fickel has 2,196 WBTC ($132 million) in debt on Aave, with a total loss of about 18,000 ETH ($43.7 million).
