Key Takeaways:

WhiteRock Finance founder Ildar Ilham was detained in the UAE over alleged ties to a $30M ZKasino crypto scam.
Onchain evidence links Ilham and WhiteRock Finance to ZKasino, prompting extradition proceedings to the Netherlands.
The WHITE token plunged over 40% after Ilham’s arrest, amid escalating concerns over crypto fraud.

Authorities in the UAE have arrested Ildar Ilham, founder of WhiteRock Finance, in connection with an alleged $30 million crypto scam tied to the ZKasino platform.

Blockchain investigator ZachXBT revealed the arrest on X, citing onchain links between WhiteRock and ZKasino through transaction records and a shared personal email address.

1/ Community Alert: At least one team member from the $30M Zkasino exit scam appears to be involved with the project @WhiteRock_Fi $WHITE due to onchain transactions linking both projects and a personal email address. pic.twitter.com/rZSvLM98fR
— ZachXBT (@zachxbt) June 16, 2025

ZKasino, launched in April 2024, promised an airdrop of its native token to users but failed to deliver over a year later, fueling scam allegations.

The arrest follows a related detainment in April 2024 of Elham Nourzai in the Netherlands on charges of fraud, embezzlement, and money laundering, all tied to the ZKasino scheme.

ZachXBT noted that Ilham’s arrest is likely part of the same investigation, with extradition to the Netherlands now in progress.

Update: Ildar Ilham aka @XBT_Prometheus (founder of @WhiteRock_Fi) was arrested by UAE law enforcement for his involvement in the $30M Zkasino exit scam.

He will be extradited to the Netherlands next for the criminal case. pic.twitter.com/h5FZhUBiDg
— ZachXBT (@zachxbt) July 3, 2025

Another suspected figure, Lior Ben Zakan, was not named in the latest updates.

Following the news, WhiteRock’s native token WHITE plummeted over 40%, dropping from $0.0006582 to $0.0003909.

The case joins a growing list of crypto frauds, including a separate U.S. scam where $40,000 was recovered from a $250,000 fake inaugural committee scheme.