We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: ZKasino rug pull suspect arrested in United Arab Emirates
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Crypto & Web 3 > ZKasino rug pull suspect arrested in United Arab Emirates
Crypto & Web 3

ZKasino rug pull suspect arrested in United Arab Emirates

By Editorial Board Published July 7, 2025 2 Min Read
Share
ZKasino rug pull suspect arrested in United Arab Emirates

Police within the United Arab Emirates (UAE) have arrested a 21-year-old crypto founder they are saying is related to the $30 million rug pull by crypto betting platform ZKasino. 

Crypto sleuth ZachXBT reviews that Norwegian Ildar Ilham, who based WhiteRock, a crypto-based brokerage, is to be extradited to the Netherlands, the place his case will proceed.

UAE police declare Ilham was in touch with one other ZKasino suspect, believed to be Elham Nourzai, who was arrested on April 29, 2024, by Dutch authorities. Messages between the pair reportedly revealed that they by no means supposed to return ZKasino funds and that its sensible contract was designed to implement this. 

ZKasino customers have been “rug pulled” by the platform final 12 months when it determined to transform 10,505 ether (ETH) of consumer deposits, now value roughly $27 million, into the undertaking’s personal token earlier than making it unavailable for customers. 

It then strung customers alongside by promising a somewhat slender window to withdraw their funds. At one level, a pockets linked to the heist was used to make a $27 million Hyperliquid wager on the value of ETH, which finally misplaced. 

ZachXBT found that WhiteRock wallets have been commingling funds with ZKasino and warned concerning the danger of one other rug pull coming from WhiteRock.

He additionally famous how funds have been being slowly laundered after Nourzai’s launch and moved into Hyperliquid bets, over-the-counter brokers, and transformed into the privacy-oriented cryptocurrency Monero. 

TAGGED:ArabarrestedEmiratespullrugSuspectUnitedZKasino
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Suspect arrested in connection to Henry Ford Hospital taking pictures in Detroit, police say

Suspect arrested in connection to Henry Ford Hospital taking pictures in Detroit, police say

Michigan
August 24, 2025
Girl shot in Clinton County, husband arrested

Girl shot in Clinton County, husband arrested

LANSING, Mich. (WLNS) — A girl was shot and injured by her husband early Sunday…

August 24, 2025
Is it time for gunboats to assist cease the individuals smugglers?

Is it time for gunboats to assist cease the individuals smugglers?

Curbing the ability of judges in asylum circumstances to deal with the migrant lodge disaster…

August 24, 2025
Raised on soccer, Tino Sunseri intends to uphold heritage with UCLA’s offense

Raised on soccer, Tino Sunseri intends to uphold heritage with UCLA’s offense

That thick, wavy black hair as soon as had no place atop Tino Sunseri’s head.Lengthy…

August 24, 2025
Israeli navy strikes Houthi regime in Yemen after ‘repeated assaults’

Israeli navy strikes Houthi regime in Yemen after ‘repeated assaults’

Israel says it has carried out strikes in opposition to Houthi navy targets in Yemen's…

August 24, 2025

YOU MAY ALSO LIKE

Bands pull out from competition after group ‘minimize off’ over Palestine flag

A number of bands have pulled out from the Victorious music competition simply hours earlier than their scheduled performances, following claims…

World
August 24, 2025

Traverse Metropolis Walmart stabbing suspect discovered not competent for now

GRAND RAPIDS, Mich. (WOOD) — The person accused of stabbing 11 folks at a Traverse Metropolis-area Walmart shouldn't be presently…

Michigan
August 22, 2025

What’s Omar Rossi doing for Tether?

Tether has develop into a massively essential firm in world finance because of the scale of its belongings and operations.…

Crypto & Web 3
August 22, 2025

These Applications Assist Poor College students with Faculty. Trump Needs to Pull the Funding | Education

However Griffith’s stepsister had launched her to a federal program known as Upward Sure. It locations highschool college students in…

Education
August 22, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?