Financial Insights That Matter
A mysterious crypto trader that made millions trading derivatives this year has been identified as William Parker, a convicted fraudster, according to blockchain sleuth ZachXBT.
Parker made $6.8 million on one position after going long on BTC just before Donald Trump’s weekend announcement of a U.S. strategic crypto reserve, per ZachXBT. He then turned around and made another $9 million going short BTC as the price pump quickly reversed.
All of his positions used 50x leverage – a high risk strategy as it means the liquidation price of a position is close to the entry point.
And it seems as though high risk gambling was this particular trader’s speciality, as on-chain data suggests the wallet frequently interacted with Roobet, Gamdom, Shuffle, BC Game, & Metawin accounts – all crypto-based online casinos.
It turns out that the wallet connected to the trades was set as the drainer fee receiver on a phishing website in January, receiving $17.1K from a phishing draining customer in the same month, ZachXBT revealed.
The investigation then dives into a Solana wallet that was the first to interact with the trader’s wallet. This SOL wallet made withdrawals from four casinos following an input validation exploit on a casino game. ZachXBT reached out to these casinos which provided him with a Telegram account of the user.
That Telegram account yielded verification that the trader was active on-chain at the same time as posting in derivatives trading chats on Telegram.
ZachXBT went one step further — finding a payment sent by the trader to an unnamed person on the HyperLiquid exchange. That transaction led to the uncovering of a phone number linked to a person called William Parker.
Parker last year was convicted and sentenced to 2 1/2 years in jail in Finland for stealing $1 million from two casinos in 2023 . He was served time in 2010 in the U.K. for multiple fraud charges related to hacking and gambling.
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.