Crypto sleuth ZachXBT says he unmasked 50x Hyperliquid whale

Onchain sleuth ZachXBT stated he had recognized the mysterious whale who made $20 million in earnings from extremely leveraged trades on Hyperliquid and GMX as a British hacker generally known as William Parker.

In line with ZachXBT’s March 20 X post, Parker — who was beforehand generally known as Alistair Packover earlier than altering his identify — was arrested final yr for allegedly stealing round $1 million from two casinos in 2023. 

Parker additionally made headlines a decade in the past for allegations of hacking and playing, ZachXBT stated.

“It's abundantly clear WP/AP has not realized his lesson through the years after serving time for fraud and can seemingly proceed playing,” ZachXBT stated.

Associated: Hyperliquid ups margin requirements after $4 million liquidation loss

ZachXBT stated his findings are based mostly on a cellphone quantity supplied by an individual who allegedly acquired a fee from the whale dealer’s pockets tackle. 

He additionally stated that public pockets addresses related to the whale dealer acquired proceeds from previous onchain phishing schemes.

Cointelegraph has not independently verified ZachXBT’s claims. 

Huge leveraged bets

The mysterious whale rose to prominence after profiting roughly $20 million from extremely leveraged trades — in some instances with as much as 50x leverage — on decentralized perpetuals exchanges Hyperliquid and GMX. 

On March 12, the dealer deliberately liquidated an roughly $200 million Ether (ETH) lengthy, inflicting Hyperliquid’s liquidity pool to lose $4 million. 

In the meantime, the whale earned earnings of some $1.8 million.