A mysterious crypto trader, using highly leveraged positions, made $20 million in a few weeks. Crypto investigator ZachXBT revealed that this trader has ties to a notorious British hacker, William Parker.Â
The trader, linked to wallets 0xe4d3 and 0xf3F4, placed massive bets on Ethereum (ETH) and Bitcoin (BTC) before key market events. Evidence suggests that profits came from casino exploits and phishing scams.
Big Trades and Suspicious Timing
Between January and March 2025, a trader placed highly leveraged bets on Hyperliquid and GMX. Two specific trades gained attention.
One was a 50x long position on ETH and BTC just before Donald Trump’s crypto reserve announcement, earning a $10 million profit. The other was a 40x short position on BTC, netting $9 million.
Further investigation connected these trades to accounts on platforms like Binance, Roobet, Gamdom, and Alphapo. The trader, using wallet 0xf3f, even signed a message admitting to making $20 million. However, when ZachXBT responded, the posts were deleted.
Phishing and Casino Exploits
The trader’s activity was traced to phishing scams and casino exploits. A key wallet linked to the whale, 0x7ab, was used to receive stolen funds from phishing attacks.
It was listed as the drainer fee receiver for a phishing site in January 2025. Before this, 0x7ab received $17,100 from another phishing victim.
Further digging led to transactions from four online casinos. One casino confirmed that funds came from an input validation exploit. A Telegram account used to negotiate the deal was later deleted.
However, using OSINT (open-source intelligence), ZachXBT found messages from this account in GMX trading groups. These messages appeared at the same time 0xe4d3 was making on-chain trades.
Also Read: Crypto Whale Bags $8.3M Profit From SOL, ETH, BTC Short Positions on Hyperliquid
Connection to British Fraudster William Parker
A breakthrough came when a recent payment from 0xe4d3 was linked to a UK phone number. Public records identified the number as belonging to William Parker. Parker has a long history of fraud and hacking.
In 2023, he was arrested for stealing $1 million from two casinos and was sentenced in Finland. Before that, he was known as Alistair Packover (or William Peckover).
In the early 2010s, he made headlines in the UK for fraud related to hacking and gambling. Despite past convictions, Parker appears to have continued his fraudulent activities.
High-Stakes Trading and Huge Profits
The Hyperliquid whale has demonstrated extreme skill in leveraged trading. In one case, they turned a high-stakes 50x ETH-long position into a $1.8 million profit in just 50 minutes.Â
Another time, they made $2.15 million in 40 minutes during a price spike on Ethereum.
Despite the success, the source of the initial funds raises serious concerns. If linked to fraud, these profits could be considered illicit gains. Authorities and blockchain analysts are closely watching the situation.
The case highlights the dark side of crypto trading. While high-leverage strategies can lead to huge profits, they can also be fueled by illegal activities.
Also Read: Massive Short Position on Hyperliquid Yields $44M in Unrealized Profits as Ethereum Price Plummets