Overview:

ZachXBT announced that a trader who earned millions through derivatives trading has been identified as William Parker, a convicted fraudster who previously stole $1 million from two casinos in 2023.

Key Points:

• Parker reportedly profited $6.8 million from his investments before a major announcement concerning a U.S. strategic crypto reserve by Donald Trump. Afterward, he made an additional $9 million shorting BTC when prices adjusted downwards.
• His trading strategy included high-risk positions with 50x leverage, suggesting a close liquidation price to his initial investment.
• Investigations revealed interactions with various cryptocurrency casinos, indicating a pattern of gambling behaviors.

Through further probes, ZachXBT uncovered connections to phishing websites and traced a wallet to a specific entity, validating Parker’s trading activities during the suspicious timeframes. The uncovering process showcased Parker’s prior criminal history, including a 2 1/2 year sentence in Finland for his fraudulent actions.

For more extensive analysis, ZachXBT shared findings that illustrated the intricacies of Parker’s trading habits and highlighted the risks associated with leveraging in cryptocurrency trading.