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

Summary

ZachXBT identified the "Hyperliquid whale" as William Parker, a British hacker with a criminal history. Parker reportedly made $20 million in profits from leveraged trading on Hyperliquid and GMX since January 2025. He was previously arrested in Finland for stealing nearly $1 million from online casinos. Speculation arose regarding his identity, with some suggesting connections to the Trump family or the North Korean hacking group Lazarus due to the timing of his trades. Parker opened significant long and short positions in Ethereum and Bitcoin, profiting from these trades. ZachXBT linked Parker to multiple crypto accounts and noted connections to illicit activities, including funds from a phishing scam. Despite denials from Parker regarding the source of his profits, ZachXBT maintained that the funds were likely from stolen assets. Parker has a history of convictions for fraud, hacking, and gambling.