Blockchain and crypto investigator ZachXBT discovered through his investigation that a key connection exists between the infamous criminal William Parker and the Solana-based casino exploit.
On-chain transactions with matching Telegram messages indicated that Parker committed the $1 million theft in the Solana-based casino exploit.
In January 2025, a crypto hacker transferred stolen funds through cryptocurrency trading platforms Hyperliquid and GMX using high-leverage trading methods.
Two significant cryptocurrency transactions involving high-leverage trades of 50x and 40x on Ethereum and Bitcoin drew considerable attention.
This is because they yielded a $10 million profit and a $9 million gain. Massive cryptocurrency trades linked to the crypto hack occurred shortly before vital market events.
These are such as Donald Trump’s crypto reserve revelation, hinting at possible insider advantages or manipulation.
ZachXBT used thorough on-chain analysis to identify wallets in trades that connected to several accounts.
The accounts are based at Binance, and additional services are Roobet and Gamdom, ChangeNOW, and Alphapo.
Through his investigation, the sleuth discovered strong evidence showing that multiple wallets belonged to a Telegram user. The user performed exploits on casino games while running phishing activities.
Tracing the Telegram Activity
ZachXBT established the hacker connection between Telegram activity and the exploited wallet through open-source intelligence (OSINT) techniques.
Analysis through Telegram groups showed the hacker made numerous requests for trade assistance regarding GMX.
ZachXBT followed the crypto hacker’s payment trail until he received verification from an unnamed person who earned payment for assisting the trader.
The verification enabled the discovery of a UK phone number associated with the designated Telegram account.
Public records linked the phone number to the individual identified as William Parker. During his previous alias of Alistair Packover, William Parker accumulated multiple criminal fraudulent records.
In 2023 he received an arrest and subsequent conviction for stealing $1 million from two casinos causing his sentencing in Finland.
Parker started his criminal career in the early 2010s by committing hacking and gambling-related frauds.
These brought him national attention throughout the United Kingdom. The recent exploit reveals that Parker did not change his criminal ways after completing his prison term.
Ongoing Investigation and Bybit Crypto Hack Overview
The stolen money, primarily transferred through crypto wallets, now rests in an account at 0x51d99A4022a55CAd07a3c958F0600d8bb0B39921.
ZachXBT’s continued monitoring of these funds and law enforcement cooperation has confirmed Parker’s involvement in the crime operation.
Investigators are now tracing stolen fund connections to other criminal organizations.
The cryptocurrency exchange Bybit experienced an almost similar infrastructure intrusion a few weeks before the market crash.
Hackers operated ‘TradeTraitor,’ who exploited Bybit’s cold wallets to steal more than 400,000 ETH.
The attackers conducted sequential methods by employing social engineering techniques, manipulating AWS cloud infrastructure, and deploying malicious smart contracts during the breach.
Bybit recently revealed details of their hack with the on-chain sleuth linking it to Korea’s Lazarus group, which is notorious for crypto hacks.
ZachXBT also revealed that the recent Solana crypto hacks can be linked back to the Korean hackers.
Recently, pump.fun on Solana saw $1 million consolidated across multiple wallets on Solana. These wallets had previously been linked to memecoin scams.
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