Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
CRYPTO MILLIONAIRE FACES $40M LOSS IN DEFI TRADES James Fickel, a top crypto investor with a $400 million net worth, has taken a massive hit, losing over $40 million in DeFi trades. Since January, Fickel has been betting on Ethereum (ETH) over Bitcoin (BTC), borrowing Wrapped… https://t.co/H3JtWbOl5t
CRYPTO MILLIONAIRE’S $40M DEFI OOPSIE James Fickel, the dude with a $400 million crypto stash, just got wrecked with a $40 million loss in DeFi. This year, he went all in on ETH against BTC, borrowing wBTC on Aave and flipping it for ETH. But things went south, and now… https://t.co/GhMQGriZfF
[LOOKONCHAIN] Crypto Millionaire James Fickel Loses Over $43M in Ether-Bitcoin Bet as Debt on Aave Surges to $132M
Crypto millionaire James Fickel, with a net worth of $400 million, has incurred a significant loss of approximately $43 million due to his DeFi trading strategies involving Ethereum (ETH) and Bitcoin (BTC). Fickel borrowed 3,061 Wrapped Bitcoin (WBTC) worth $172 million from Aave between January 10 and July 1, exchanging it for 56,445 ETH at a rate of 0.05424. However, the market moved unfavorably, resulting in a substantial loss. Additionally, since August 7, Fickel has spent $12 million USDC to buy 211 WBTC. His debt on Aave has now surged to $132 million.
