Key Cryptocurrency Investigators issue major fraud warnings about this altcoin

Zachxbt, one of the leading chain analysts in the cryptocurrency world, issued a serious warning about Whiterock (White) Altcoin.

Zachxbt argued that the project was run by a fake team, exaggerating the number of users and could be linked to funds stolen from a scam called Zkasino.

According to a statement from Zachxbt, the Zkasino project was announced with a major promise in 2024 to raise more than $30 million from the community, but the roadmap was not followed and funds were embezzled. Following these events, Elham Nurzai was arrested by Fiod, the Netherlands in April 2024, with some of his assets seized. Nourzai was later released, and the stolen funds began to be washed through “chain hopping” between networks such as Zksync, Starknet, EVM, and Solana.

The Whiterock project first appeared at the end of 2024. Zachxbt said the project has the following concerns:

• Anonymous teams with no identity or history
• False partnership claims
• Many wallets funded by live exchanges
• Unrealistic exaggeration of user numbers
• Lack of transparency in the USDX collateral structure

Zachxbt also identified influencers who received payments from Whiterock’s marketing wallet and said that chain analysis showed that the wallet and funds stolen from Zkasino were linked to the same address. In particular, it was observed that between the end of February and the beginning of March 2025, Zkasino funds were sent to instant exchanges, with similar amounts reaching the White Rock Wallet from different exchanges.

Additionally, we found an email address for an individual belonging to an account that interacts with the project’s distributor address. This email address is linked to an account that includes the username “ildarthegrandmaster” for the chess platform Chescom, and it was claimed that the person may be Ildarthyham. Ilham is one of the other names mentioned in the Zukasino scandal.

Zachxbt has called for Cryptocurrency Exchanges Mexc and gate.io, which lists white tokens, to remove the project and conduct a deeper investigation into the team’s background. He also argued that Elham Nuurzai, Ilder Ilham and Rior Ben Zakhan, who were involved in the Zukashino project, should be brought to trial as soon as possible.

*This is not investment advice.