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A crypto whale who amassed $20 million through leveraged trades on Hyperliquid and GMX has been unmasked as William Parker, a British hacker with a long history of financial crimes. The revelation came from renowned blockchain investigator ZachXBT, who linked Parker to suspicious trading activities through on-chain analysis.
1/ An investigation into the alleged identity of the mysterious Hyperliquid whale tied to illicit activity that profited ~$20M via highly leveraged positions over the past couple weeks. pic.twitter.com/AgKy7SwTNh
— ZachXBT (@zachxbt) March 20, 2025
ZachXBT Uncovers Parker’s Past
According to ZachXBT, Parker’s history of financial crimes dates back over a decade. The British hacker was previously arrested for hacking and illicit gambling operations. More recently, he was booked for stealing over $1 million from two casinos, reinforcing his notoriety in the cybercrime underworld.
Despite past arrests, Parker has continued exploiting financial systems, now turning his attention to cryptocurrency trading. ZachXBT highlighted that Parker’s involvement in high-stakes leveraged trades was anything but ordinary, raising concerns about market manipulation and unethical trading practices.
How Parker Was Linked to the Whale Trades
ZachXBT’s investigation pinpointed a phone number that led to Parker’s exposure. A recipient of funds from the whale trader’s wallet provided this crucial information. Furthermore, public blockchain data showed that some addresses linked to Parker had previously received proceeds from on-chain phishing schemes.
While these claims are yet to be independently verified, they add another layer of intrigue to Parker’s evolving financial exploits.
The $200M Ether Liquidation and Hyperliquid’s Response
One of Parker’s most shocking moves was a $200 million bet on Ether’s price increase on Hyperliquid. In a calculated maneuver, he caused his own position to be liquidated, triggering a massive sell-off. This resulted in a $4 million loss for Hyperliquid’s liquidity pool, yet Parker still managed to profit approximately $1.8 million from the event.
Hyperliquid has since addressed the incident, stating it was not a hack but a consequence of extreme market conditions. To prevent future exploits, the exchange has tightened its collateral requirements for large traders.
Also Read: Whale Trader Returns: High-Leverage Moves Rock Hyperliquid & GMX
The exposure of William Parker underscores the risks within crypto trading, where bad actors manipulate market conditions for personal gain. As exchanges implement stricter security measures, the case raises pressing questions about how hackers continue to operate undetected in the evolving digital asset landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
