1 week ago
A mysterious crypto trader that made millions trading derivatives this twelvemonth has been identified arsenic William Parker, a convicted fraudster, according to blockchain sleuth ZachXBT.
Parker made $6.8 cardinal connected 1 position aft going agelong connected BTC conscionable earlier Donald Trump's play announcement of a U.S. strategical crypto reserve, per ZachXBT. He past turned astir and made different $9 cardinal going abbreviated BTC arsenic the terms pump rapidly reversed.
All of his positions utilized 50x leverage - a precocious hazard strategy arsenic it means the liquidation terms of a presumption is adjacent to the introduction point.
And it seems arsenic though precocious hazard gambling was this peculiar trader's speciality, arsenic on-chain information suggests the wallet often interacted with Roobet, Gamdom, Shuffle, BC Game, & Metawin accounts - each crypto-based online casinos.
It turns retired that the wallet connected to the trades was acceptable arsenic the drainer interest receiver connected a phishing website successful January, receiving $17.1K from a phishing draining lawsuit successful the aforesaid month, ZachXBT revealed.
The probe past dives into a Solana wallet that was the archetypal to interact with the trader's wallet. This SOL wallet made withdrawals from 4 casinos pursuing an input validation exploit connected a casino game. ZachXBT reached retired to these casinos which provided him with a Telegram relationship of the user.
That Telegram relationship yielded verification that the trader was progressive on-chain astatine the aforesaid clip arsenic posting successful derivatives trading chats connected Telegram.
ZachXBT went 1 measurement further — uncovering a outgo sent by the trader to an unnamed idiosyncratic connected the HyperLiquid exchange. That transaction led to the uncovering of a telephone fig linked to a idiosyncratic called William Parker.
Parker past twelvemonth was convicted and sentenced to 2 1/2 years successful jailhouse successful Finland for stealing $1 cardinal from 2 casinos successful 2023 . He was served clip successful 2010 successful the U.K. for aggregate fraud charges related to hacking and gambling.
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