WhiteRock Founder detained in UAE for $30M ZKasino scam, WHITE token price drops 40%.
Authorities in the UAE have detained Ildar Ilham, founder of WhiteRock Finance, for his alleged involvement in a $30 million scam linked to ZKasino. The scam promised a token airdrop but failed to return funds. Ilham’s arrest is connected to a previous arrest in the Netherlands related to the same case.
After Ilham’s arrest, the price of WhiteRock’s native token, WHITE, plummeted over 40% on Thursday. This incident is one of many recent scams targeting crypto users, including a case where US authorities recovered $40,000 out of $250,000 taken from a fraudulent inaugural committee donor.
Read more at Cointelegraph: WhiteRock Founder To Be Extradited Over $30M ZKasino Case: ZachXBT