ZachXBT Claims to Identify Mysterious 50x Hyperliquid Whale
Crypto investigator ZachXBT claims to have uncovered the identity of a mysterious whale trader who profited around $20 million from highly leveraged trades on decentralized exchanges Hyperliquid and GMX. According to ZachXBT, the trader is a British hacker named William Parker, previously known as Alistair Packover.
Who is William Parker?
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.
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.”
How ZachXBT Identified the Whale
ZachXBT’s findings are based on:
- A phone number provided by someone who allegedly received a payment from the whale trader’s wallet.
- Public wallet addresses linked to the whale trader, which reportedly received proceeds 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 whale 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 opened another multimillion-dollar leveraged long position, this time on Chainlink (LINK).
Quick Summary
- ZachXBT claims the mysterious whale trader is British hacker William Parker.
- Parker previously arrested for casino theft and has a history of hacking allegations.
- Whale trader profited $20 million from leveraged trades on Hyperliquid and GMX.
- Hyperliquid lost $4 million due to whale’s intentional liquidation.
- Exchange updated collateral rules to prevent future incidents.
