WhiteRock Makes Bizarre Price Move After Scam Allegation
The post WhiteRock Makes Bizarre Price Move After Scam Allegation appeared on BitcoinEthereumNews.com. ZachXBT has accused WhiteRock (WHITE) of being a scam project, tying some of its developers to the $30 million ZKasino rug pull. While rug pull allegations are usually met with notable price crashes, WHITE initially surged nearly 10%. However, WhiteRock developer Max G. made a broadcast denying these allegations, and these gains began evaporating as soon as he went live. It’s still unclear what happened or if any foul play took place. Could WhiteRock Be a Scam Project? ZachXBT is one of the most famous sleuths in crypto, fighting scams and frauds from fake token projects to government-backed hacker networks. Thanks to his years of effort, his condemnations carry a lot of weight in this industry. Therefore, it turned heads when he sounded the alarm that WhiteRock may be a scam linked to ZKasino. ZKasino is a famous rug pull that became a major $32 million scandal, leading to a prominent arrest and Vitalik Buterin denouncing the project. ZachXBT pointed to pre-existing complaints about WhiteRock’s conduct and built on them with ZKasino connections to make the case that it’s a scam. The first breakthrough was an influencer who advertised WHITE. By tracing blockchain data, ZachXBT claimed that WhiteRock paid this influencer with funds laundered from the ZKasino scam. He also presented other evidence identifying further connections between the two firms and called on exchanges like MEXC and Gate to delist WHITE. Bizarrely, this asset’s price actually spiked after these allegations. At first, it seemed confusing why WhiteRock would spike half an hour after ZachXBT accused it of being a scam. Soon after, developer Max G. hosted a livestream where he denied these allegations, and things got even stranger: “We’ve analyzed it ourselves internally…and it seems like there’s a link that doesn’t even exist. Someone we paid from our own budget…
The post WhiteRock Makes Bizarre Price Move After Scam Allegation appeared on BitcoinEthereumNews.com.
ZachXBT has accused WhiteRock (WHITE) of being a scam project, tying some of its developers to the $30 million ZKasino rug pull. While rug pull allegations are usually met with notable price crashes, WHITE initially surged nearly 10%. However, WhiteRock developer Max G. made a broadcast denying these allegations, and these gains began evaporating as soon as he went live. It’s still unclear what happened or if any foul play took place. Could WhiteRock Be a Scam Project? ZachXBT is one of the most famous sleuths in crypto, fighting scams and frauds from fake token projects to government-backed hacker networks. Thanks to his years of effort, his condemnations carry a lot of weight in this industry. Therefore, it turned heads when he sounded the alarm that WhiteRock may be a scam linked to ZKasino. ZKasino is a famous rug pull that became a major $32 million scandal, leading to a prominent arrest and Vitalik Buterin denouncing the project. ZachXBT pointed to pre-existing complaints about WhiteRock’s conduct and built on them with ZKasino connections to make the case that it’s a scam. The first breakthrough was an influencer who advertised WHITE. By tracing blockchain data, ZachXBT claimed that WhiteRock paid this influencer with funds laundered from the ZKasino scam. He also presented other evidence identifying further connections between the two firms and called on exchanges like MEXC and Gate to delist WHITE. Bizarrely, this asset’s price actually spiked after these allegations. At first, it seemed confusing why WhiteRock would spike half an hour after ZachXBT accused it of being a scam. Soon after, developer Max G. hosted a livestream where he denied these allegations, and things got even stranger: “We’ve analyzed it ourselves internally…and it seems like there’s a link that doesn’t even exist. Someone we paid from our own budget…
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