ZachXBT has identified the Hyperliquid whale behind a series of high-risk trades

What’s new? An anonymous blockchain analyst under the nickname ZachXBT, known for his investigations into hacking and fraud in the crypto space, has identified the trader behind a series of high-risk trades on decentralized exchange (DEX) Hyperliquid.

Source: X.com

What else is known? According to the analyst, this trader is UK citizen William Parker, previously convicted of financial crimes in his home country and Finland, and he used stolen funds for the trades.

Parker’s activities caught the attention of the crypto community due to a series of aggressive leveraged trades on Hyperliquid between January and March. In his anonymous X account @qwatio, he claimed that these trades generated nearly $20 million in profits.

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ZachXBT pointed to two major trades: a large long position in ETH and BTC with 50X leverage just before the publication of Donald Trump’s executive order creating a national crypto reserve, which brought in $10 million. There was also a large BTC short position with 40X leverage with a $9 million profit.

The analyst also noted that the X account was not originally owned by Parker and was bought out by him at some point for his use, given the recent nickname change and years of inactivity.

In addition, Parker’s X is subscribed to the @CryptxxCatalyst account, which posted links to phishing websites on his page and in repayments to other users in an attempt to defraud them.

ZachXBT was further able to determine that Parker’s public address on Hyperliquid was listed as a payout recipient on one of these phishing sites. That address turned out to be linked to another that received withdrawals from four unnamed casinos, one of which Parker received funds from using an exploit.

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The team at that casino provided ZachXBT with the Telegram account of the exploiter they were negotiating with to recover the funds. Using OSINT, the analyst found the trader who was receiving the payment from Parker and was able to provide his cell phone number, which led to his identity.

According to ZachXBT, he was arrested and convicted in Finland for stealing $1 million from two casinos in 2023. He was previously known as Alistair Packover/William Peckover, but then changed his name. In addition, back in the early 2010s, AP wroteabout his gambling-related fraud and hacking.

According to blockchain analytics platform Arkham Intelligence, a wallet linked to Parker currently holds more than $23 million in digital assets.