16.06.2025 20:46
Following accusations of fraudulent activity, the cryptocurrency WhiteRock (WHITE) experienced a peculiar price fluctuation. Prominent crypto investigator ZachXBT implicated WhiteRock in a scam, linking its developers to the infamous $30 million ZKasino rug pull. This revelation, typically resulting in a significant price drop, instead initially saw WHITE's value jump almost 10 percent.
The unexpected surge, however, proved short-lived. A subsequent live broadcast by WhiteRock developer Max G., vehemently denying the allegations, coincided with a rapid price reversal. The reasons behind this initial price spike remain unclear, leaving room for speculation regarding market manipulation or other unforeseen factors. The subsequent decline, following the developer's denial, adds to the mystery surrounding the event.
ZachXBT's accusations carry significant weight within the crypto community, given his established reputation for uncovering scams and fraudulent schemes, ranging from dubious token projects to sophisticated government-backed hacking operations. His years of investigative work have earned him considerable credibility. This lends significant gravity to his claims linking WhiteRock to the ZKasino scandal, a notorious $32 million rug pull that resulted in arrests and public condemnation from prominent figures like Vitalik Buterin.
ZachXBT’s investigation revealed evidence connecting WhiteRock to the ZKasino rug pull. Crucial to his argument was the discovery that WhiteRock allegedly used funds laundered from the ZKasino scam to pay an influencer promoting WHITE. This, coupled with other evidence highlighting further links between the two entities, led ZachXBT to call for the delisting of WHITE from exchanges such as MEXC and Gate. The perplexing initial price increase immediately following these accusations underscores the complexity and unpredictability of the cryptocurrency market. The developer's subsequent live denial, while intended to counter the accusations, only served to further heighten the intrigue surrounding this developing situation. The situation remains unresolved, leaving the question of WhiteRock's legitimacy open to debate.
