tl;dr
On June 16, on-chain analyst ZachXBT linked a suspected fraudster from the $30 million ZKasino scam to a new crypto project called WhiteRock (WHITE). WhiteRock, launched in December 2024 with an anonymous team, exaggerated user numbers and made unverifiable claims about reserves. Evidence includes p...
On June 16, on-chain analyst ZachXBT revealed a strong connection between a suspected $30 million fraudster from the ZKasino scandal and a new crypto project called WhiteRock (WHITE). WhiteRock, which launched in December 2024 with an anonymous team, has been flagged for inflating user numbers and making unverifiable claims about its reserves.
Evidence indicates payments from a WhiteRock-linked wallet originate from ZKasino’s treasury, and matching fund transfers between ZKasino and WhiteRock via Monero bridges reinforce the suspicion. A personal link involves Ildar Ilham—known as “Prometheus” and “Goedel”—one of ZKasino’s founders, now reportedly managing WhiteRock’s operations.
ZachXBT called on exchanges like MEXC and Gate.io to either delist WHITE or conduct more thorough investigations, highlighting a recurring pattern among related projects of cycling funds through privacy layers and abandoning development roadmaps. Dutch authorities have yet to set court dates for Ilham and other co-founders.
ZKasino raised over $30 million in a 2024 presale but diverted those assets instead of building the promised gambling platform, which resulted in arrests and asset seizures. The stolen funds were laundered across multiple blockchains—including zkSync, Starknet, and Solana—converted into privacy coins like Monero, and funneled into new ventures. WhiteRock remains unregistered and unresponsive to inquiries, deepening investor concerns about its legitimacy.