Crypto Investigator Links $20M Hyperliquid Whale to Convicted UK Criminal

Crypto detective ZachXBT revealed that the "Hyperliquid whale," responsible for approximately $20 million in profits from leveraged trading, is linked to William Parker, a convicted UK criminal.

Mysterious Hyperliquid Whale Not A Crypto Insider

The trader, previously known as Alistair Packover, has a history of crimes including stealing nearly $1 million from online casinos.
Parker was sentenced in Finland in 2024 and has been active in trading since January 2025.
He opened significant positions on Hyperliquid and GMX, notably before US President Trump's announcement on March 2.
This led to speculation of insider connections and links to the North Korean hacking group Lazarus.
His trades included a profitable BTC short position, totaling $19 million in profit.

Connecting The On-Chain Dots

ZachXBT identified key counterparties related to the trading addresses involved.
A message signed on-chain linked the trading activity to an X account under @qwatio.
The user denied cybercrime allegations, claiming profits were clean and blockchain traceable.
ZachXBT tracked a payment from one address to a person confirming communication with Parker.
Parker's past includes multiple convictions for fraud, hacking, and gambling.

In summary, Parker has leveraged funds gained through illicit activities to achieve significant trading profits. His ongoing trading strategies are expected to continue.