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You Won’t Believe the Utter Chaos That Ensued When This One Guy Lost Like, a Whole Lot of Money on Some Cryptocurrency Thingy

A  illustration depicting a sinking ship with James Fickel at its helm, surrounded by waves and debris as he clutches a large anchor labeled '132M' in the water below him. In the background, two opposing ships are shown - one flying an Ethereum flag (ETH) rising high into the air while another flies a Bitcoin flag (BTC) plummeting downwards.

A Crypto Millionaire Loses His Mind…and Millions.

Source: cointelegraph

Crypto millionaire James Fickel has suffered losses exceeding $43 million since Jan. 10, as his debt on the decentralized lending platform Aave surged to $132 million. Fickel, an early Ethereum investor and the founder of longevity research firm Amaranth Foundation lost over $43.7 million by essentially betting on Ether’s price (ETH) against Bitcoin (BTC). Based on the millionaire’s 2024 investments, Fickel expected Ether price to rise against Bitcoin’s when he […]

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