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WhiteRock Token Drops 25% After Arrest of Founder Ildar Ilham in UAE

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by Giorgi Kostiuk

9 hours ago

WhiteRock token ([WHITE]) has seen a significant drop in price of 25% following reports of the arrest of its founder Ildar Ilham in the United Arab Emirates.

Arrest of WhiteRock Founder Ildar Ilham

The founder of WhiteRock, Ildar Ilham, was arrested in the UAE. This event triggered a sharp decline in the token's price amid reports of his detention.

Connection to Zkasino Case

According to blockchain analyst ZachXBT, a 21-year-old Norwegian man has been detained in connection with an international investigation into a crypto scam linked to Zkasino, amounting to $30 million.

At least one team member from the $30M Zkasino exit scam appears to be involved with the project WhiteRock WHITE due to onchain transactions linking both projects and a personal email address.ZachXBT

Price Dynamics of WhiteRock Token

Currently, WhiteRock is trading at approximately $0.0006233, down 25% in the last 24 hours. The token has seen a nearly 60% decrease over the past month.

The arrest of WhiteRock’s founder and potential ties to the Zkasino fraud undermine trust in the project and have led to a significant decline in its token. This situation continues to draw attention from analysts in the crypto industry.

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