Updated on:12/22/2025 05:26 PM 
Leading blockchain detective ZachXBT has uncovered a sophisticated network of cryptocurrency fraud centered around a high-profile trader on the Hyperliquid platform, establishing clear connections to a convicted financial criminal operating in the United Kingdom.
The investigation, which has sent shockwaves through the digital asset community, reveals how William Parker—a UK citizen with multiple financial crime convictions across Europe—has allegedly leveraged the Hyperliquid decentralized exchange to conduct suspicious trades while concealing his true identity.
Between January and March 2025, Parker executed a series of highly leveraged trades on Hyperliquid, publicly claiming profits approaching $20 million. However, ZachXBT's meticulous blockchain analysis suggests these gains may be directly linked to illicit activities including phishing scams and casino manipulations.
"This case represents a concerning intersection of cryptocurrency markets and traditional financial crime," noted blockchain security experts following the investigation. "The sophisticated methods used to conceal identity and move illicit funds demonstrate evolving tactics in the crypto fraud landscape."
The investigator's findings trace Parker's digital footprint across multiple blockchain platforms including Binance, Roobet, and Alphapo. Evidence suggests his social media accounts were acquired rather than organically created, with recent name changes and prolonged periods of inactivity raising red flags.
Further analysis revealed connections to known phishing operations, with one followed account directly linked to scam activities. Blockchain records indicate Parker manipulated online casino games in January 2025 and specifically targeted phishing victims, with one wallet receiving a $17,100 transaction from these illicit activities.
"The trail of digital breadcrumbs paints a clear picture of coordinated criminal operations," explained cybersecurity researchers familiar with the case. "What's particularly concerning is how these actors are exploiting the relative anonymity of cryptocurrency systems while maintaining connections to traditional financial crimes."
Parker's criminal history spans over a decade, including a 2023 conviction in Finland for stealing $1 million from two casinos. Previously known as Alistair Packover, he changed his name to William Peckover before facing fraud charges in the UK during the early 2010s related to hacking and gambling operations.
The investigation also uncovered evidence connecting Parker to specific physical locations through blockchain transactions linked to UK-registered phone numbers. Meanwhile, according to Arkham Intelligence data, wallets associated with Parker currently hold over $23 million in digital assets, raising questions about the origin and legitimacy of these holdings.
This case highlights growing concerns about security and transparency in emerging cryptocurrency markets, as regulators and security experts work to develop more robust frameworks for identifying and preventing digital asset fraud.
