WhiteRock Founder Reportedly Arrested in UAE Over ZKasino Fraud Links

ZKasino Fallout Grows as WhiteRock Founder Detained

Local authorities in the United Arab Emirates arrested Ildar Ilham, the founder of WhiteRock, for his alleged role in the ZKasino fraud operation. The arrest is part of a broader international investigation into ZKasino—a now-defunct crypto gambling platform linked to millions in user losses.

In a press release, Dutch officials confirmed that Ilham was “wanted internationally for large-scale fraud” and would be extradited to the Netherlands. The move aligns with ongoing legal proceedings against several ZKasino operatives already under prosecution in the country.

While UAE authorities have not revealed fresh evidence, they cited the existing investigation and international coordination as the basis for Ilham’s arrest. Blockchain data has previously shown on-chain connections between WhiteRock and ZKasino wallets, deepening suspicions of collusion.

Market Reaction and Delisting Demands

Following news of the arrest, WhiteRock’s token (WHITE) dropped more than 30% within hours. The crash prompted immediate backlash from the crypto community, which is now pressuring major exchanges like MEXC and Gate.io to delist the token.

Critics argue that these exchanges were too quick to list WHITE without adequate due diligence, especially given the project’s alleged ties to ZKasino. So far, neither MEXC nor Gate.io has issued a public statement, though pressure continues to mount on social platforms.

Meanwhile, WHITE’s price continues to slide, reflecting growing concerns about the project’s legitimacy and future viability.

Regulatory Pressure and International Oversight

The UAE’s decision to extradite Ilham is significant. It reflects an emerging pattern of international cooperation in crypto-related criminal cases, particularly as high-profile rug pulls continue to damage investor trust.

With Dutch authorities already prosecuting several ZKasino insiders, bringing Ilham to trial in the Netherlands may help consolidate the legal process and unearth further links between the two platforms.

This case adds to the growing list of crypto scandals where founders attempt to evade justice but are eventually tracked through global enforcement efforts.

Conclusion

Ildar Ilham’s arrest marks another major twist in the ZKasino fraud saga and intensifies scrutiny on projects like WhiteRock. As authorities move toward extradition, pressure is mounting on crypto exchanges to clean house and remove potentially fraudulent tokens. Whether WHITE survives the fallout remains to be seen—but its price and reputation have already taken a serious hit.

Update : WhiteRock has just responded to arrest rumors with a firm denial on X.

“No, our founder has not been arrested in the UAE!”

They called the circulating claims “FUD” and criticized media outlets for publishing stories based on “random tweets.” WhiteRock insists they’re still actively building toward the launch of White Network.

Did You Know?

ZKasino first gained notoriety in early 2024 for promising decentralized gambling services with high yield returns—only to disable withdrawals weeks later and disappear with user funds. The project’s anonymous developers had ties to multiple wallets now under investigation.