ZachXBT Identifies 50X Crypto Whale as British Hacker William Parker
Crypto investigator ZachXBT has linked the “50X Hyperliquid Whale” to British cybercriminal William Parker, formerly known as Alistair Packover. Key points include:
- Parker has a history of online fraud and allegedly earned around $20 million through high-leverage trading on decentralized platforms.
- He executed trades with leverage up to 50×, allowing for significant profit from small price movements.
- Parker opened a $450 million short position on Bitcoin with 40× leverage, earning nearly $9.5 million in over a week.
- His large trades caused forced liquidations among other traders, impacting market stability.
- Parker’s operations raise concerns about identity and accountability in the crypto industry, highlighting both transparency and risks of decentralized finance.
- Ongoing discussions focus on regulatory implications and ethical considerations stemming from Parker's activities.
Parker's case underscores the potential benefits and dangers of leveraging in crypto trading.