TechFlow news, on July 4, on-chain investigator ZachXBT revealed on social media that UAE authorities have detained Ildar Ilham, founder of the decentralized finance protocol WhiteRock Finance, accusing him of a $30 million fraud scheme via the gambling platform ZKasino.
Case details show that when the ZKasino platform launched in April 2024, it promised certain users an airdrop of its native token, but over a year later, this has still not been delivered. In April this year, Dutch authorities arrested a 26-year-old individual (reportedly cryptocurrency figure Elham Nourzai) on charges including fraud, embezzlement, and money laundering.
ZachXBT noted that Ilham's arrest is linked to the investigation into Nourzai and ZKasino, and extradition procedures to the Netherlands are currently underway. Another suspected individual, Lior Ben Zakan, has not yet been mentioned.
