WhiteRock Token Crashes 25% After Founder's Shock Arrest in UAE

Buckle up, crypto fans! WhiteRock's native token, WHITE, just tanked nearly 25% in a wild 24 hours, and you won't believe why. The founder, Ildar Ilham, got slammed with an arrest in the United Arab Emirates!

The price of WhiteRock (WHITE), the token fueling the on-chain brokerage for tokenized equities and bonds, took a nosedive after news broke about Ilham's arrest. Talk about a rollercoaster ride!

Blockchain detective ZachXBT, who previously blew the whistle on a possible connection between WhiteRock's founder and the $30 million Zkasino exit scam, dropped a bombshell update about Ilham's detention in the UAE. This guy's like the crypto world's Sherlock Holmes!

A sizzling news report shared by the analyst reveals that law enforcement's got a 21-year-old Norwegian man in custody, tied to an international investigation into a crypto scam linked to Zkasino. The heat is on!

ZachXBT Sounded the Alarm on WhiteRock and Its Crew

Hang onto your hats, because ZachXBT says the WhiteRock Finance founder's now chilling in a UAE cell, waiting to be extradited to the Netherlands to face criminal charges. In a June 16 post on X, ZachXBT spilled the tea:

"At least one team member from the $30M Zkasino exit scam seems to be mixed up with the project WhiteRock WHITE, thanks to onchain transactions linking both projects and a personal email address." This guy doesn't miss a beat!

The onchain investigator flagged a bunch of red flags around the project, like the team's anonymity, bogus partnership claims, and shady fund flows. He even connected WhiteRock's marketing wallet to the $30 million snatched from the Zkasino gambling platform. Red alert!

"I think the risk of a rug pull with WhiteRock is sky-high because of their sketchy history with other projects (Zkasino, Syncus, Zigzag)," ZachXBT warned. You heard it here first, folks!

But get this - WHITE's price skyrocketed over 116% on May 30 after whispers spread about a mega partnership with a Saudi Arabian oil company. Talk about a wild ride!

According to the latest market data, WhiteRock's currently trading at around $0.0006233, down 25% in the last 24 hours. Ouch! The token's also taken a brutal 60% hit over the past month. It's been a rough go for WHITE holders.

WHITE is still listed on exchanges like MEXC, BingX, and Gate, but with all this drama, who knows what's next for this token?