In a major development for the cryptocurrency community, renowned on-chain investigator ZachXBT has uncovered the true identity of the mysterious ‘Hyperliquid whale’ who amassed $20 million through leveraged trading. As detailed in our previous coverage of the initial investigation, this trader had been making waves in the crypto markets with suspiciously timed positions.
The Unmasking of a Crypto Criminal
According to ZachXBT’s investigation, the trader has been identified as William Parker, previously known as Alistair Packover, a British national with a history of cybercrime convictions. Parker was recently sentenced in Finland for stealing approximately $1 million from online casinos in 2023.
Strategic Trading or Inside Information?
The investigation gained particular attention following two significant trades. Most notably, just before Trump’s Strategic Crypto Reserve announcement, the whale opened substantial long positions in both Bitcoin (BTC) and Ethereum (ETH) using 50x leverage.
On-Chain Evidence Trail
The investigation revealed connections to multiple cryptocurrency platforms and services, including Roobet, Binance, and several others. A crucial breakthrough came when ZachXBT traced payments to a UK phone number registered to Parker.
Frequently Asked Questions
How did the Hyperliquid whale make $20 million?
Through a series of highly leveraged trades on platforms like Hyperliquid and GMX, including perfectly timed positions around major market events.
What evidence links the trader to criminal activity?
On-chain analysis revealed connections to phishing scams, exploited casino games, and multiple wallet addresses tied to illicit activities.
What are the implications for crypto market security?
This case highlights the ongoing challenges of market manipulation and the crucial role of on-chain investigators in maintaining market integrity.
As this story continues to develop, it serves as a reminder of the importance of due diligence and the persistent presence of bad actors in the cryptocurrency space, even as markets mature and institutional adoption increases.