Crypto Whale Who Made Millions on Leverage Trading Is a Convicted Fraudster: ZachXBT
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,…
