Ildar Ilham, the founder of the WhiteRock project, has been arrested by UAE law enforcement due to suspicion of involvement in the large-scale ZKasino scam, resulting in a loss of over $30 million for investors.
Ildar Ilham's Arrest
According to information provided by renowned crypto investigator ZachXBT, Ilham became a person of interest for law enforcement due to his alleged involvement in the ZKasino scam. Subsequently, a red notice was issued, leading to his arrest in the UAE, and he is expected to be extradited to the Netherlands to face criminal charges.
Connection to the ZKasino Scam
The ZKasino project, in which Ilham was involved, was marketed as a decentralized gambling platform and raised over $30 million during its presale. However, after fundraising, the project failed to deliver on its promises, and reports suggest that its team resorted to diverting collected funds.
Potential Consequences for WhiteRock
Ilham's arrest comes months after the capture of Elham Nourzai, another key figure linked to the scam. Despite concerns regarding the dubious aspects of WhiteRock, it continues to operate. However, experts including ZachXBT are voicing concerns about possible fraudulent activities due to the project's red flags, such as an anonymous team and fake partnerships.
Ildar Ilham's arrest raises questions about the future of WhiteRock and its potential implications for investors. Further developments are expected as the situation unfolds and law enforcement continues to monitor the case.
