According to the reports, the authorities of the United Arab Emirates (EAU) have taken Ildar Ilham, the founder of the Decentralized Finance Protocol, Whiterock Finance, in custody as part of accusations of a $ 30 million scam through Zkasino.
According to a Thursday X post of the Zachxbt cryptographic detective, the Eau authorities arrested Ilham in relation to an investigation into “large -scale fraud” that surrounds Zkasino. The Zachxbt report suggested that Whiterock was connected to the collection of $ 30 million Zkasino funds.
The alleged scam of investors followed the launch of Zkasino in April 2024, and the platform promised an Airdrop of its native token to select users. However, the reports indicate that more than a year later, the funds have not yet been returned.
In April 2024, the Dutch authorities arrested a 26 -year -old man, according to reports, the cryptographic personality Elham Nourzai, for fraud claims, embezzlement and money laundering, citing his participation in the Zkasino scam.
According to Zachxbt, the arrest of Ilham is connected to the investigation against Nourzai and Zkasino, with their extradition procedures to the ongoing countries.
Lior Ben Zakan, another individual suspected of being involved with the case, was not mentioned in the arrest report.
Related: Zkasino scammer loses $ 27 million as Ethereum’s price falls
Whiterock’s native token price falls after arrest
After the reports of the arrest of Ilham, the price of the native whiter token, Blanco, fell more than 40% on Thursday, to $ 0.0003909 of $ 0.0006582.
The case is one of the latest scams aimed at cryptography users. The US authorities reported on Wednesday that they had recovered approximately $ 40,000 of more than $ 250,000 taken from an individual who donated an inaugural fraudulent committee.
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