James Fickel Loses Approximately 18,000 ETH from Longing BTC/ETH Trading Pair
Article is form Jinse
September 14, 2024
This article is translated by ChatGPT Show original
According to Golden Finance, Lookonchain tracked that James Fickel lost approximately 18,000 ETH (US$43.7 million) due to leveraged trading of the BTC/ETH pair.
From January 10th to July 1st, he borrowed 3,061 WBTC (US$172 million) from Aave and exchanged them for 56,445 ETH at a rate of 0.05424.
Since August 7th, he has spent 12 million USDC to buy 211 WBTC and exchanged 16,000 ETH for 671 WBTC (US$39.9 million) at a rate of 0.042 to repay Aave's debt. He currently owes 2,196 WBTC (US$132 million) to Aave, resulting in a total loss of about 18,000 ETH (US$43.7 million).
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