A recent investigation by ZachXBT has identified the trader known as Hyperliquid Whale, who allegedly earned $20 million in profits. The trader is suspected to be William Parker, a convicted fraudster with a history of financial crimes.
The Rise of the Hyperliquid Whale
For weeks, the crypto community was intrigued by a trader who made substantial profits on high-stakes trades. The mysterious whale drew attention after executing two particularly profitable trades: a $10 million profit from a 50x leveraged long position on Ethereum and Bitcoin, and a $9 million gain from a 40x leveraged Bitcoin short position.
The Investigation Unfolds
Blockchain detective ZachXBT linked William Parker to these transactions by identifying several wallets connected to online gambling sites and phishing scams. Parker used funds from a casino exploit to finance his high-risk trades, turning relatively small amounts into a fortune.
High Leverage and Parker’s Criminal Past
Parker's rapid earnings were due to his use of leverage on platforms like Hyperliquid and GMX. He timed his trades perfectly around major economic events. Analysis of wallet activity also indicated his connections to other active players in DeFi. Parker's criminal past, including arrests for theft and cybercrime, suggests his crypto earnings were not solely the result of smart trades but also illicit schemes.
ZachXBT's investigation suggests Parker may not have acted alone. The crypto community is now left to wonder if authorities will take action against him for his illegal actions.
