ZachXBT exposes the mysterious Hyperliquid whale 50x

On-chain detective ZachXBT reported that he has identified the mysterious whale who made 20 million dollars from high-leverage trades on Hyperliquid and GMX as a British hacker named William Parker.

According to a post on March 20 by ZachXBT, Parker, previously known as Alistair Packover, was arrested last year for allegedly stealing around 1 million dollars from two casinos in 2023.

Source: ZachXBT Parker also drew attention a decade ago for allegations of hacking and gambling, ZachXBT said.

“It is clear that WP/AP has not learned the lesson after many years in prison for fraud and is likely to continue gambling.”

According to ZachXBT, his findings are based on the phone number provided by an individual who is said to have received a payment from the wallet address of the whale trader.

The public wallet addresses associated with this whale trader have received funds from previous on-chain scam programs.

To date, ZachXBT’s statement has not yet been independently verified.

High Leverage Betting

The mysterious whale has attracted attention after earning around 20 million dollars from high-leverage trades — in some cases with leverage of up to 50 times — on the decentralized perpetual exchanges Hyperliquid and GMX.

On March 12, a trader intentionally liquidated approximately 200 million dollars worth of ETH Long, causing Hyperliquid’s liquidity pool to lose 4 million dollars.

Meanwhile, whales have made a profit of about 1.8 million dollars.

Hyperliquid states that liquidation is not an exploit act ( but a predictable consequence of how the trading platform operates under extreme conditions. Subsequently, the DEX has amended its collateral rules for traders with open positions to prevent such incidents in the future.

On March 14, this whale held another multi-million dollar Long position, this time on the Chainlink perpetual futures, which is a leveraged futures contract with no expiration date. Traders deposit margin collateral ) collateral ( — usually USDC for Hyperliquid — to secure the open positions.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions.

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Minh Anh

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