ZachXBT Claims to Identify Mysterious 50x Hyperliquid Whale as British Hacker
Onchain investigator ZachXBT claims to have identified the mysterious whale trader who profited around $20 million from highly leveraged trades on decentralized exchanges Hyperliquid and GMX. According to ZachXBT, the trader is British hacker William Parker, previously known as Alistair Packover.
Background of the Alleged Whale Trader
ZachXBT revealed in a March 20 post that 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.
“It is abundantly clear WP/AP has not learned his lesson over the years after serving time for fraud and will likely continue gambling,” ZachXBT stated.
Evidence Presented by ZachXBT
ZachXBT’s identification is based on:
- A phone number provided by an individual who allegedly received payments from the whale trader’s wallet.
- Public wallet addresses linked to the whale trader that reportedly received funds from past phishing schemes.
Cointelegraph has not independently verified these claims.
Massive Leveraged Trades and Hyperliquid Incident
The whale trader gained notoriety after making approximately $20 million from highly leveraged trades—up to 50x leverage—on Hyperliquid and GMX.
On March 12, the trader intentionally liquidated a roughly $200 million Ether (ETH) long position, causing Hyperliquid’s liquidity pool to lose $4 million. The trader profited around $1.8 million from this event.
Hyperliquid clarified that the liquidation was not an exploit but a predictable outcome under extreme market conditions. The 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 mysterious whale trader as British hacker William Parker.
- Parker previously arrested for casino theft and has a history of hacking allegations.
- Trader profited $20 million from leveraged trades on Hyperliquid and GMX.
- Hyperliquid lost $4 million due to trader’s intentional liquidation.
- Exchange updated collateral rules to mitigate future risks.
