Blockchain investigator ZachXBT identified William Parker, a convicted fraudster, as the crypto trader who profited significantly from Donald Trump's recent announcement regarding a U.S. strategic crypto reserve. Parker reportedly made $6.8 million by going long on Bitcoin (BTC) just before the announcement and then secured another $9 million by shorting BTC as the price corrected. All positions were executed with 50x leverage, a high-risk strategy. On-chain data suggests Parker's wallet frequently interacted with crypto-based online casinos and was linked to a phishing website in January, receiving $17.1K from a phishing draining customer. Parker was convicted and sentenced to 2 1/2 years in jail in Finland last year for stealing $1 million from two casinos in 2023 and previously served time in the U.K. for fraud charges related to hacking and gambling.
Convicted Fraudster William Parker Identified as Crypto Trader Who Made Millions on Trump's Announcement
Edited by: Elena Weismann
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