James Fickel Faces Significant Losses in BTC/ETH Trading

According to Odaily, James Fickel has incurred substantial losses amounting to approximately 18,000 ETH (valued at $43.7 million) due to his trading activities involving BTC/ETH pairs. From January 10 to July 1, Fickel borrowed 3,061 WBTC (worth $172 million) from Aave and exchanged them 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 16,000 ETH for 671 WBTC (worth $39.9 million) at a rate of $0.042 to repay his debt to Aave. Currently, Fickel has an outstanding debt of 2,196 WBTC (valued at $132 million) on Aave, resulting in a total loss of approximately 18,000 ETH (valued at $43.7 million).