UAE Arrests WhiteRock Founder Over $30M ZKasino Scam

July 3, 2025

What to Know:

UAE arrests WhiteRock founder Ildar Ilham over $30M ZKasino fraud.
WHITE token value plummets amid arrest and fraud revelation.
Cross-border implications heighten for crypto governance.

uae-arrests-whiterock-founder-over-30m-zkasino-scam — UAE Arrests WhiteRock Founder Over $30M ZKasino Scam

UAE authorities have arrested Ildar Ilham, WhiteRock’s founder, for alleged involvement in the $30 million ZKasino scam, pending extradition to the Netherlands.

This arrest underscores increasing scrutiny in crypto spaces and intensifies calls for more robust regulatory mechanisms, highlighting financial volatility for affected assets.

Founder Ilham’s Arrest Linked to $30M Scam

Ildar Ilham, founder of WhiteRock, was detained by UAE authorities, linked to a $30 million scam. The arrest occurred due to activities involving ZKasino, prompting his extradition to the Netherlands. The WHITE token associated with Ilham’s ventures experienced a steep decline. Official statements remain sparse, yet community reactions have been swift and critical.

WHITE Token Plunges 25-30% Post-Arrest

The arrest led to a 25-30% drop in WHITE token value, triggering investor concern. Calls for delisting the token from exchanges amplify amidst growing uncertainty. The situation amplifies discussions about cross-jurisdictional regulation in crypto, with UAE and Netherlands collaboration emphasizing the potential for enhanced international enforcement.

ZKasino Case Mirrors FTX Collapse Dynamics

This scam echoes the 2022 FTX collapse, highlighting vulnerability in DeFi spaces. Prior incidents reveal similar schemes affecting investor trust in digital assets. Experts foresee possible slowdowns in DeFi adoption, with heightened risk assessments influencing future investments. Historical data suggests ongoing market volatility.

WhiteRock founder Ildar Ilham (aka @XBT_Prometheus) has been arrested by UAE law enforcement for his role in the $30 million ZKasino exit scam.

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.

Thane Morrison

Thane Morrison is a diligent crypto news author and keen blockchain and digital finance enthusiast. He writes insightfully correct engaging content on Bitcoin, altcoins, DeFi, and NFTs to help readers understand how this relentless, changing world works. Simplification and empowerment are what he really stands for and enables readers to keep their heads in the game when making vital decisions in such a demanding space.