WhiteRock token may be laundering ZKasino’s stolen $33M, ZachXBT warns

On-chain investigator ZachXBT has traced a team wallet and personal email belonging to members of WhiteRock to the ZKasino exit scam. RWA project WhiteRock has shot onto the crypto scene with lightning speed. Since its launch in 2024, the token has seen more than 10x gains, touting major partnerships and promising to bring the stock market on-chain. However, for the careful observer, the project flashed serious red flags from the start, as highlighted by crypto investigator ZachXBT. 1/ Community Alert: At least one team member from the $30M Zkasino exit scam appears to be involved with the project @WhiteRock_Fi $WHITE due to onchain transactions linking both projects and a personal email address. pic.twitter.com/rZSvLM98fR — ZachXBT (@zachxbt) June 16, 2025 On Monday, June 16, ZachXBT revealed WhiteRock’s team’s links to the notorious ZKasino exit scam, which cost presale investors $33 million. The investigator published wallet transactions, as well as the personal email of one of WhiteRock’s team members, linking them to ZKasino’s funds. According to the investigator, WhiteRock’s marketing wallet received funds directly from the wallets that held ZKasino’s presale capital. These funds were then used to pay influencers to promote the project. Additionally, ZachXBT claimed that a team member at WhiteRock used the same email address previously linked to ZKasino. You might also like: ZKasino rug pull suspect detained in Netherlands WhiteRock raises red flags from the start The links between WhiteRock and ZKasino raise serious concerns for investors. However, as ZachXBT notes, warning signs were present early on. For one, the team was anonymous with no verifiable history, and it quickly gained a reputation for faking partnerships and exaggerating user numbers. 4/ WhiteRock (WHITE) appeared late last year and a number of large red flags were immediately observed. -anon team w/o history -team called out for faking partnerships -team has many side wallets all funded via instant exchanges -team exaggerates number of users -USDX backing… https://t.co/e9DhRNzT1T pic.twitter.com/CC8olsxFvi — ZachXBT (@zachxbt) June 16, 2025 Specifically, WhiteRock claimed to have partnered with major banks , including StoneX, BlackRock, and First Citizens Bank. In all of these cases, there was no verifiable evidence that real partnerships had occurred. In fact, StoneX publicly denied the claim. Still, these claims, as well as unconfirmed rumors of a possible partnership with a Saudi oil giant, helped the token attract attention. On May 30, the token rose 110% on the rumors of a supposed partnership with Ripple to tokenize the oil supply chain for Saudi Aramco. Read more: ZKasino scammer wallet lost $27.1m after long position ETH close

Source: crypto.news