WhiteRock plummets amid arrest of founder linked to $30m Zkasino fraud
2025-07-03 16:43:09
Main Idea
WhiteRock's native token (WHITE) experienced a significant price drop following allegations linking its founder to a $30 million exit scam involving Zkasino, as reported by blockchain investigator ZachXBT.
Key Points
1. WhiteRock's token (WHITE) dropped nearly 25% in 24 hours amid reports of its founder's alleged involvement in the Zkasino exit scam.
2. Blockchain investigator ZachXBT highlighted on-chain transactions and a personal email address linking WhiteRock to the $30 million Zkasino scam.
3. ZachXBT warned of a high risk of a 'rug pull' with WhiteRock due to its history with other projects like Zkasino, Syncus, and Zigzag.
4. WHITE's price had surged over 116% on May 30 due to rumors of a partnership, but it has since plummeted nearly 60%.
5. WhiteRock is currently trading at around $0.0006233 and is listed on exchanges such as MEXC, BingX, and Gate.
Description
WhiteRock’s native token has plunged nearly 25% in the past 24 hours amid reports that its founder, Ildar Ilham, has been arrested in the United Arab Emirates. The price of WhiteRock ( WHITE ), the token that powers the on-chain brokerage for tokenized equities and bonds, fell sharply following reports of Ilham’s arrest. Blockchain sleuth ZachXBT, who previously highlighted a possible link between the WhiteRock founder and the $30 million Zkasino exit scam, also posted an update of Ilham’s deten...
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