Preheat the oven to 350°F. Spray a 9x13-inch baking pan with nonstick spray and set aside.
In a large bowl, whisk together the cake mix, water, oil, and eggs until smooth.
15.25 ounces red velvet cake mix, 1¼ cups water, ½ cup vegetable oil, 3 large eggs
Pour the batter into the prepared baking pan in an even layer.
Bake for 30-25 minutes. Once the cake springs back when touched on top, remove from the oven and cool on a baking rack.
Once the cake has cooled, break into pieces and crumble. The crumble should be fine pieces.
In a large bowl, combine the crumble with the frosting. Combined, the mixture should hold together when pressed together.
16 ounces cream cheese frosting
Using a spoon or scoop, roll spoonfuls of the cake mixture into tight ball shapes. Repeat until all of the cake mixture is used.
Place the balls into the bowl, and place in the freezer for about thirty minutes.
Once the cake balls have had time to become firm in the freezer, melt the white chocolate in the microwave.
12 ounces white candy melts
Dip each ball into the melted chocolate and, using a spoon or fork, cover the bite completely before removing. Place the dipped bites onto parchment paper and let cool to have the chocolate set.
Melt the red candy melts in the microwave.
6 ounces red candy melts
Drizzle the melted red chocolate over the set truffles and let set before serving.