Summary
- The renowned on-chain analyst ZachXBT revealed that the Whitelock Finance project was involved in a Jet Casino money laundering scheme worth $33 million.
- Investigations found a direct cross-chain connection between Whitelock's marketing wallet and Jet Casino's stolen pre-sale funds.
- This incident is being cited as a classic case of large-scale money laundering and investor deception, heightening industry vigilance.
The well-known on-chain analyst ZachXBT has uncovered that the Whitelock Finance project is directly linked to a money laundering scheme involving $33 million (USD) from the Jet Casino exit scam.
According to CryptoNews on the 17th (local time), the crime involved legitimizing stolen funds through a Real-World Asset (RWA) platform. The investigation found a direct cross-chain link between Whitelock's marketing wallet and the stolen Jet Casino pre-sale funds.
The analyst stated, "Investigators have confirmed that the stolen funds from Jet Casino were transferred into Whitelock's marketing wallet," suggesting that the true entity behind both is the same.
This incident is being evaluated as a typical example of large-scale money laundering and investor deception, raising awareness within the industry.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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