{"id":140724,"date":"2024-10-27T19:00:04","date_gmt":"2024-10-27T17:00:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140724"},"modified":"2024-10-27T14:17:17","modified_gmt":"2024-10-27T12:17:17","slug":"crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/","title":{"rendered":"Crypto Trader Faces Mindblowing $55 Million Loss From Recent Trades"},"content":{"rendered":"<p>The trader, known as James Fickel, incurred <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1850001901154336905\">losses<\/a> <\/strong>totaling 22,500 ETH, equating to approximately $55 million, through trades in the <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong>\/<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a> <\/strong>pair.<\/p>\n<p>Fickel initially borrowed 3,061 WBTC via the decentralized platform Aave and exchanged them for 56,445 ETH between January and July.<\/p>\n<p>During this period, the conversion rate was approximately 0.05424. After August 7, he invested $12 million in <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a> <\/strong>to acquire 211 WBTC and traded 47,476 ETH for 1,888 WBTC, valued at $113.5 million, to settle his Aave debt.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/microsofts-interest-in-bitcoin-is-a-turning-point-for-corporate-investment-anthony-pompliano\/\" title=\"Microsoft&#8217;s Interest in Bitcoin is a Turning Point for Corporate Investment &#8211; Anthony Pompliano\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/bitcoindollarbilll-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Microsoft&#8217;s Interest in Bitcoin is a Turning Point for Corporate Investment &#8211; Anthony Pompliano<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Currently, Fickel owes 980 WBTC on Aave, valued at around $132 million, resulting in total losses of $55 million. Notably, a review of his cryptocurrency wallet shows that he holds no other digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An anonymous cryptocurrency trader recently faced substantial losses, as revealed by on-chain data from Lookonchain.<\/p>\n","protected":false},"author":3,"featured_media":74041,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-140724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Trader Faces Mindblowing $55 Million Loss From Recent Trades<\/title>\n<meta name=\"description\" content=\"An anonymous cryptocurrency trader recently faced substantial losses, as revealed by on-chain data from Lookonchain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Trader Faces Mindblowing $55 Million Loss From Recent Trades\" \/>\n<meta property=\"og:description\" content=\"An anonymous cryptocurrency trader recently faced substantial losses, as revealed by on-chain data from Lookonchain.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptodnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-27T17:00:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/whale-sea.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/\",\"name\":\"Crypto Trader Faces Mindblowing $55 Million Loss From Recent Trades\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/whale-sea.webp\",\"datePublished\":\"2024-10-27T17:00:04+00:00\",\"author\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"description\":\"An anonymous cryptocurrency trader recently faced substantial losses, as revealed by on-chain data from Lookonchain.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/whale-sea.webp\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/whale-sea.webp\",\"width\":1280,\"height\":854,\"caption\":\"crypto-whale\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"Cryptodnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\",\"name\":\"Alexander Stefanov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"caption\":\"Alexander Stefanov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crypto Trader Faces Mindblowing $55 Million Loss From Recent Trades","description":"An anonymous cryptocurrency trader recently faced substantial losses, as revealed by on-chain data from Lookonchain.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Trader Faces Mindblowing $55 Million Loss From Recent Trades","og_description":"An anonymous cryptocurrency trader recently faced substantial losses, as revealed by on-chain data from Lookonchain.","og_url":"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/","og_site_name":"Cryptodnes EN","article_published_time":"2024-10-27T17:00:04+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/whale-sea.webp","type":"image\/webp"}],"author":"Alexander Stefanov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Stefanov","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/","url":"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/","name":"Crypto Trader Faces Mindblowing $55 Million Loss From Recent Trades","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/whale-sea.webp","datePublished":"2024-10-27T17:00:04+00:00","author":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5"},"description":"An anonymous cryptocurrency trader recently faced substantial losses, as revealed by on-chain data from Lookonchain.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/crypto-trader-faces-mindblowing-55-million-loss-from-recent-trades\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/whale-sea.webp","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/whale-sea.webp","width":1280,"height":854,"caption":"crypto-whale"},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"Cryptodnes EN","description":"Crypto News, Bitcoin Analysis and More","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5","name":"Alexander Stefanov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","caption":"Alexander Stefanov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/"}]}},"modified_by":"C0323492922","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/140724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=140724"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/140724\/revisions"}],"predecessor-version":[{"id":140725,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/140724\/revisions\/140725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/74041"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=140724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=140724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=140724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}