Finance, Fraud, Derivatives, Bitcoin Traders, casinos Crypto Whale Who Made Millions on Leverage Trading Is a Convicted Fraudster: ZachXBT
A mysterious crypto dealer that made tens of millions buying and selling derivatives this yr has been recognized as William Parker, a convicted fraudster, in keeping with blockchain sleuth ZachXBT.
Parker made $6.8 million on one position after going lengthy on BTC simply earlier than Donald Trump’s weekend announcement of a U.S. strategic crypto reserve, per ZachXBT. He then circled and made one other $9 million going quick BTC as the value pump rapidly reversed.
All of his positions used 50x leverage – a excessive danger technique because it means the liquidation value of a place is near the entry level.
And it appears as if excessive danger playing was this explicit dealer’s speciality, as on-chain information suggests the pockets steadily interacted with Roobet, Gamdom, Shuffle, BC Game, & Metawin accounts – all crypto-based on-line casinos.
It seems that the pockets linked to the trades was set because the drainer price receiver on a phishing web site in January, receiving $17.1K from a phishing draining buyer in the identical month, ZachXBT revealed.
The investigation then dives right into a Solana pockets that was the primary to work together with the dealer’s pockets. This SOL pockets made withdrawals from 4 casinos following an enter validation exploit on a on line casino sport. ZachXBT reached out to those casinos which offered him with a Telegram account of the person.
That Telegram account yielded verification that the dealer was lively on-chain concurrently posting in derivatives buying and selling chats on Telegram.
ZachXBT went one step additional — discovering a cost despatched by the dealer to an unnamed particular person on the HyperLiquid alternate. That transaction led to the uncovering of a telephone quantity linked to an individual referred to as William Parker.
Parker final yr 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 within the U.Ok. for a number of fraud prices associated to hacking and playing.
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