{"id":18341,"date":"2025-03-20T19:04:11","date_gmt":"2025-03-20T19:04:11","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18341"},"modified":"2025-03-20T19:04:11","modified_gmt":"2025-03-20T19:04:11","slug":"zachxbt-says-he-unmasked-mysterious-50x-hyperliquid-whale","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18341","title":{"rendered":"ZachXBT says he unmasked mysterious 50x Hyperliquid whale"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWI0M2MtYzdkYy03OWU1LTkzYmMtMzc3OTFmOTcwOTEz.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWI0M2MtYzdkYy03OWU1LTkzYmMtMzc3OTFmOTcwOTEz.jpg\" alt=\"ZachXBT says he unmasked mysterious 50x Hyperliquid whale\"><\/p>\n<p>Onchain sleuth ZachXBT said he had identified the mysterious whale who profited $20 million from highly leveraged trades on Hyperliquid and GMX as a British hacker going by the name William Parker.\u00a0<\/p>\n<p>According to ZachXBT\u2019s March 20 X <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/zachxbt\/status\/1902713021937426495\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/x.com\/zachxbt\/status\/1902713021937426495\">post<\/a>, Parker \u2014 who was previously known as Alistair Packover before changing his name \u2014 was arrested last year for allegedly stealing around $1 million from two casinos in 2023.\u00a0<\/p>\n<p>Parker also made headlines a decade ago for allegations of hacking and gambling, ZachXBT said.<\/p>\n<p>\u201cIt is abundantly clear WP\/AP has not learned his lesson over the years after serving time for fraud and will likely continue gambling,\u201d ZachXBT said.<\/p>\n<figure><img decoding=\"async\" alt=\"ZachXBT says he unmasked mysterious 50x Hyperliquid whale\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-03\/0195b44f-01f1-7260-8367-0523f4690bb6\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/zachxbt\/status\/1902713193878716749\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/x.com\/zachxbt\/status\/1902713193878716749\"><em>ZachXBT<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/hyperliquid-ups-margin-rules-4m-liquidation-loss\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em><strong>Hyperliquid ups margin requirements after $4 million liquidation loss<\/strong><\/em><\/a><\/p>\n<p>ZachXBT said his findings are based on a phone number provided by a person who allegedly received a payment from the whale trader\u2019s wallet address.\u00a0<\/p>\n<p>He also said that public wallet addresses associated with the whale trader received proceeds from past onchain phishing schemes.<\/p>\n<p>Cointelegraph has not independently verified ZachXBT\u2019s claims.\u00a0<\/p>\n<h2>Massive leveraged bets<\/h2>\n<p>The mysterious whale rose to prominence after profiting approximately $20 million from highly leveraged trades \u2014 in some cases with up to 50x leverage \u2014 on decentralized perpetuals exchanges Hyperliquid and GMX.\u00a0<\/p>\n<p>On March 12, the trader intentionally liquidated an approximately $200 million Ether (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/ethereum-price\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/ethereum-price\">ETH<\/a>) long, causing Hyperliquid\u2019s liquidity pool <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/hyperliquid-ups-margin-rules-4m-liquidation-loss\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">to lose $4 million<\/a>.\u00a0<\/p>\n<p>Meanwhile, the whale earned profits of some $1.8 million.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2096305\" data-buzzsprout-episode-id=\"16821617\"><\/template><\/p>\n<p>Hyperliquid said the liquidation was not an exploit but rather a predictable consequence of how the trading platform operates under extreme conditions.\u00a0The DEX later revised its <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/hyperliquid-ups-margin-rules-4m-liquidation-loss\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">collateral rules<\/a> for traders with open positions to guard against such occurrences in the future.\u00a0<\/p>\n<p>On March 14, the whale took <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/hyperliquid-mystery-50x-eth-whale-bet-link\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">another multimillion-long position<\/a>, this time on Chainlink (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/chainlink-price-index\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/chainlink-price-index\">LINK<\/a>).<\/p>\n<p>Perpetual futures, or \u201cperps,\u201d are leveraged futures contracts with no expiry date. Traders deposit margin collateral \u2014 typically USDC (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/usdc-price-index\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">USDC<\/a>) for Hyperliquid \u2014 to secure open positions.\u00a0<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/victims-ftx-hong-kong-civil-suit-gemini-singapore-express\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em><strong>\u2018Hong Kong\u2019s FTX\u2019 victims win lawsuit, bankers bash stablecoins: Asia Express<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\" label=\"Subscription Form: DeFi Newsletter\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Onchain sleuth ZachXBT said he had identified the mysterious whale who profited $20 million from highly leveraged trades on Hyperliquid and GMX as a British hacker going by the name William Parker.\u00a0 According to ZachXBT\u2019s March 20 X post, Parker \u2014 who was previously known as Alistair Packover before changing his name \u2014 was arrested [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18341","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18341"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18341\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}