Crypto Investigator Links New Altcoin Project to $30M Scam

Crypto investigator ZachXBT has raised serious concerns about WhiteRock (WHITE), an emerging altcoin project he claims may be a rebranded extension of the disgraced Zkasino scheme.

According to his analysis, WhiteRock’s team lacks transparency, uses fake partnership claims, and may be artificially inflating its user base. More troubling are potential financial links to funds stolen from Zkasino—a project that vanished with over $30 million in 2024, leading to the arrest of Elham Nourzai in the Netherlands.

Though Nourzai was later released, blockchain traces show the stolen funds being moved across multiple chains in a laundering pattern known as “chainhopping.”

ZachXBT alleges that WhiteRock wallets received funds shortly after suspicious transfers from known Zkasino addresses via instant exchanges. He also tied a marketing wallet used by WhiteRock to payments made to influencers, pointing to clear overlaps in wallet activity between the two projects.

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An email associated with one of WhiteRock’s wallet addresses was linked to a chess account allegedly controlled by Ildar Ilham, another figure mentioned in the Zkasino investigation. This connection has only deepened suspicions that key individuals behind the prior scam may now be involved in WhiteRock.

Calling for action, ZachXBT urged exchanges like MEXC and Gate.io to remove WHITE from trading and conduct internal investigations. He also pressed for renewed scrutiny of the individuals connected to the original Zkasino fraud, stating that accountability remains long overdue.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.