Onchain Sleuth Zachxbt said he met a mysterious whale that benefited $ 20 million from highly leveraged trading in Hyperliquid and GMX as a British hacker going to the name William Parker.
According to March 20 x PostParker – formerly known as the Alistair Packover before his name is changed – was arrested last year for allegedly stealing nearly $ 1 million from two casinos in 2023.
Parker also made titles a decade ago for allegations of hacking and gambling, Zachxbt said.
“It is clear that WP/AP has not learned his lesson in recent years after service time for fraud and will likely continue gambling,” Zachxbt said.
Source: Zachxbt
Related: Hyperliquid Ups Margin Requirements after $ 4 million loss of extermination
ZachXBT said his findings were based on a phone number provided by a person who allegedly received a payment from the whale businessman’s wallet address.
He also said that public wallet addresses associated with the whale businessman received proceeds from previous onchain phishing schemes.
Cointelegraph is unable to unite to verify ZachXBT claims.
Large leveraged bet
The mysterious whale has increased in popularity after incoming approximately $ 20 million from highly -leveraged trade -in some cases with up to 50x action -in decentralized ongoing exchange of hyperliquid and GMX.
On March 12, the businessman intentionally liquidated the $ 200 million ether (Eth) long, causing hyperliquid liquidity to lose $ 4 million.
Meanwhile, the whale earns revenue of about $ 1.8 million.
Hyperliquid said the extermination is not an exploitation but rather an unpredictable consequence of how the trading platform operates under extreme conditions. Dex eventually changed the Collateral Rules For entrepreneurs with an open position to guard against future events.
On March 14th, the whale was taken another multimillion-long positionAt this time in the chainlink (Link).
Eternal futures, or “perps,” are -in -linen contracts with futures with no expiration date. Margin Collateral traders – Usually USDC (USDC) for hyperliquid – to secure open positions.
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