On March 20, an investigation by Blockchain detective ZachXBT revealed that a trader has made around 20 million USD in profits by opening high-leverage positions on Hyperliquid and GMX between January and March 2025. This has been a focal point of attention in the cryptocurrency market during this period.

Notable transactions: Trader with address 0xe4d3 made 10 million USD through large long positions in Ethereum (ETH) and Bitcoin (BTC) with 50x leverage, before the announcement of Trump's crypto reserves. Additionally, trader 0xf3F4 made 9 million USD from a 40x leveraged short position on BTC. Notably, 0xf3F4 has transacted with multiple major counterparties related to platforms like Roobet, Binance, Gamdom, and publicly disclosed their 20 million USD profits on social platforms.

The investigation revealed that trader 0xf3F4 has connections to multiple scam websites, and a portion of these funds originated from exploiting vulnerabilities in casino game authentication. By tracing the money trail, the investigation determined that the final funds flowed into the hands of an individual named William Parker, previously known as Alistair Packover. This person has a history of fraud and gambling convictions in Finland. Ultimately, the investigation found that William Parker used illegal methods to increase his initial six-figure capital to 20 million USD through highly leveraged trades.

This content is for informational purposes only and does not constitute investment advice.