ZachXBT Identifies Mysterious Hyperliquid Whale as British Hacker
Onchain investigator ZachXBT claims to have identified the mysterious trader behind massive leveraged trades on decentralized exchanges Hyperliquid and GMX as British hacker William Parker. Parker, previously known as Alistair Packover, reportedly profited around $20 million from highly leveraged positions, some reaching up to 50x leverage.
Background of William Parker
According to ZachXBT’s March 20 post on X, Parker was arrested last year for allegedly stealing approximately $1 million from two casinos in 2023. Parker has a history of hacking and gambling allegations dating back a decade.
ZachXBT stated, “It is abundantly clear WP/AP has not learned his lesson over the years after serving time for fraud and will likely continue gambling.”
Evidence Linking Parker to Whale Trades
ZachXBT’s findings are based on:
- A phone number provided by an individual who allegedly received payments from the whale trader’s wallet address.
- Public wallet addresses associated with the whale trader that received proceeds from past onchain phishing schemes.
Cointelegraph has not independently verified these claims.
Massive Leveraged Bets and Hyperliquid Incident
The whale trader gained notoriety after profiting significantly from leveraged trades on Hyperliquid and GMX. On March 12, the trader intentionally liquidated a $200 million Ether (ETH) long position, causing Hyperliquid’s liquidity pool to lose $4 million. The trader profited approximately $1.8 million from this event.
Hyperliquid clarified that the liquidation was not an exploit but a predictable outcome under extreme market conditions. The decentralized exchange subsequently revised its collateral rules to prevent similar incidents.
On March 14, the whale trader opened another multimillion-dollar leveraged long position, this time on Chainlink (LINK).
Quick Summary
- ZachXBT identifies Hyperliquid whale as British hacker William Parker.
- Parker previously arrested for casino theft and has a history of hacking.
- Trader profited $20 million from highly leveraged trades.
- Hyperliquid lost $4 million due to intentional liquidation by the trader.
- DEX updated collateral rules to mitigate future risks.
