The latest case of the identification of a Hyperliquid whale executing a whole lot of hundreds of thousands of USD price of leveraged trades on Bitcoin (BTC) and Ethereum (ETH) has brought on a public sensation. Quite a few hypotheses have been proposed concerning the person behind these high-value transactions.
ZachXBT, a good on-chain investigator specializing in monitoring cryptocurrency-related fraud, has unveiled the reality.
Study extra: The Whale Exited with $9 Billion Revenue in Hyperliquid
ZachXBT’s argument
Between January and March 2025, a dealer garnered vital consideration by executing quite a few high-leverage trades on platforms like Hyperliquid and GMX. Their exercise reached a peak this month, pushed by two notably notable on-chain transactions. First, working underneath the tackle 0xe4d3, they initiated a considerable lengthy place on each ETH and BTC, using 50x leverage.
Associated Pockets Addresses
The aforementioned commerce, yielding a $10 million revenue, occurred concurrently with Donald Trump’s announcement regarding a cryptocurrency reserve. Subsequently, the identical dealer, or a linked entity designated as 0xf3F4, exploited market volatility by initiating a considerable brief place on BTC with 40x leverage, leading to a further $9 million revenue.
The exercise of pockets tackle “0xf3F4” demonstrates connections to a sequence of associated pockets addresses related to Binance, Gamdom, ChangeNOW, and Roobet.
Supply: ZachXBT
Exercise of Pockets “0xf3F”
This pockets tackle is confirmed to have signed a message for an X (previously Twitter) account named @qwatio, boasting about income achieved on Hyperliquid. Evaluation reveals that the X account, utilized by 0xF3F, probably was bought in some unspecified time in the future and subsequently renamed. This X account additionally follows and seems to be concerned in phishing assaults, the place one other pockets tackle, “0x7ab,” served because the drainer price recipient following a phishing assault on the projection.fi challenge.
4/ 0xf3f signed a messaged for the X account @qwatio and said they made $20M on GMX & HL.
This implies he must management the associated wallets on this cluster for the $20M quantity to be correct.
I replied to him yesterday on X however the posts had been deleted after. pic.twitter.com/aBDRc0HoVm
— ZachXBT (@zachxbt) March 20, 2025
Additional Investigation of Pockets Tackle “0x7ab”
On condition that 0x7ab was the preliminary EVM tackle utilized by 0xF3F, ZachXBT traced the withdrawal sources on Solana from 4 casinos to establish the corresponding Solana pockets tackle. This allowed ZachXBT to uncover a deleted Telegram account and hint the person’s presence in a GMX group.
Supply: ZachXBT
Actual Id Behind the Hyperliquid Occasion
A latest cost from this particular person’s tackle revealed a UK telephone quantity related to the identify “William Parker.” This particular person is a identified legal. Final yr, WP was arrested for stealing roughly $1 million from two casinos in 2023 and was convicted in Finland. Within the early 2010s, WP garnered vital information headlines within the UK for fraud prices associated to hacking and playing.
10/ Who’s William Parker?
Final yr WP was arrested for stealing ~$1M from two casinos in 2023 and was sentenced in Finland.
Previous to this WP was referred to as Alistair Packover (William Peckover) earlier than later altering his identify.
Within the early 2010s AP made a number of information headlines… pic.twitter.com/4QxHS5ziXJ
— ZachXBT (@zachxbt) March 20, 2025