Crypto Sleuth Claims Mysterious $20M ‘Hyperliquid Whale’ Is Tied To Illicit Activity

Crypto detective ZachXBT alleged that the mysterious “Hyperliquid whale” that’s been making headlines throughout the crypto neighborhood is suspected to be a convicted felony from the UK. The dealer has made round $20 million in revenue from leveraged buying and selling, elevating questions on their id.

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Mysterious Hyperliquid Whale Not A Crypto Insider

On Thursday, ZachXBT shared an investigation revealing the “Hyperliquid Whale” as a British hacker beforehand charged with a number of crimes. The dealer’s id has been a scorching matter amongst crypto buyers over the previous few weeks.

In response to the X thread, the dealer was recognized as William Parker, referred to as Alistair Packover, earlier than he modified his identify. Parker was arrested and sentenced in Finland in 2024 for stealing practically $1 million from two on-line casinos in 2023.

Since January 2025, the dealer has made tens of millions by opening a number of extremely leveraged positions on Hyperliquid and GMX however gained consideration this month for 2 particular trades.

Proper earlier than US President Donald Trump’s “Strategic Crypto Reserve” announcement on March 2, the whale opened a big Ethereum (ETH) and Bitcoin (BTC) lengthy place on 50X leverage utilizing tackle 0xe4d3.

Following this commerce, the crypto neighborhood speculated that the whale may very well be an insider, with some customers alleging that the dealer was linked to the Trump household as a result of their timing. In the meantime, others steered that the mysterious whale was tied to the North Korean hacking group Lazarus.

The dealer later opened a BTC brief place on 40X leverage utilizing tackle 0xf3F4, profiting $19 million from the 2 positions. After the whale closed its brief place earlier this week, the crypto sleuth revealed that the dealer was allegedly concerned in illicit exercise.

“It’s funny watching CT speculate on the ‘Hyperliquid whale’ when in reality it’s just a cybercriminal gambling with stolen funds,” he initially responded to the hypothesis.

Connecting The On-Chain Dots

Within the thread, ZachXBT shared 4 key counterparties of the 0xf3f tackle, together with 0xe4d3, which he had recognized. He additionally famous that the cluster was tied to Roobet, Binance, Gamdom, ChangeNOW, Shuffle, Alphapo, BC Sport, and Metawin accounts.

Moreover, the 0xf3f signed a message on-chain with an X account below the username @qwatio, which has seemingly been bought not too long ago.

After the crypto detective’s preliminary claims, the X person denied the cybercrime allegations and claimed the $20 million income from the GMX and HL trades have been clear and traceable on the blockchain.

Nonetheless, the on-chain investigator alleges that “he would have to control the related wallets in this cluster for the $20M number to be accurate.” Notably, an tackle within the cluster, 0x7ab, was discovered to have acquired funds from a phishing rip-off and an exploited on line casino sport on Solana.

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Then, ZachXBT tracked down a latest cost from 0xe4d3 and obtained a UK cellphone quantity that seemingly connects the dealer and the identify William Parker.

I tracked down a latest cost from 0xe4d3 to an unnamed one that confirmed that they had been paid by the HL dealer. They supplied a UK cellphone quantity used to speak with them. Public file reveals the identify William Parker is probably going tied to this quantity.

The crypto sleuth concluded that Parker, who was additionally convicted 3 times within the early 2010s for crimes associated to fraud, hacking, and playing, has now “gambled 6 figs into $20M using high leverage on-chain” for the previous two months, and can doubtless proceed to take action.

Featured Picture from Unsplash.com, Chart from TradingView.com