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

Revealed: The dimensions of low cost Chinese language imports flown into UK with out paying any tariffs

Revealed: The dimensions of low cost Chinese language imports flown into UK with out paying any tariffs

Business
July 29, 2025
Russian strike on Ukrainian jail kills 17 individuals and injures greater than 80

Russian strike on Ukrainian jail kills 17 individuals and injures greater than 80

A Russian airstrike on a jail in Ukraine's Zaporizhzhia area has killed at the very…

July 29, 2025
The Bias Of Academia | Economics

The Bias Of Academia | Economics

My drawback with teachers is that they generally overthink and declare that somebody writing about…

July 29, 2025
The 1975 star Matty Healy warns of musical ‘silence’ with out small phases as he backs new UK-wide pageant

The 1975 star Matty Healy warns of musical ‘silence’ with out small phases as he backs new UK-wide pageant

The 1975 frontman Matty Healy has warned of a musical "silence" that might come with…

July 29, 2025
Capturing kills 18-year-old girl in Jackson, police say

Capturing kills 18-year-old girl in Jackson, police say

LANSING, Mich. (WLNS) — 18-year-old Mia Sims was shot and killed Sunday afternoon close to…

July 29, 2025

YOU MAY ALSO LIKE

Did BSTR get its bitcoin from Tether?

Social media is chattering in regards to the supply of funds for the world’s fourth-largest bitcoin (BTC) treasury firm, BSTR…

Crypto & Web 3
July 28, 2025

Ex-Clipper Marcus Morris Sr. arrested on fraud cost. Brother, agent say matter has been overblown

Former NBA participant Marcus Morris Sr. was arrested Sunday at a Florida airport on a warrant out of Nevada and…

Sports
July 28, 2025

Do Kwon and US gov’t ask to delay authorized filings for a 3rd time

Do Kwon’s authorized proceedings could also be delayed once more as each the US authorities and Kwon’s authorized workforce requested…

Crypto & Web 3
July 28, 2025

‘Please, don’t resist’: Qubic hash seize worries Monero maxis

Self-described “decentralized compute and AI Layer 1 protocol” Qubic has the Monero neighborhood fearful. In what’s being described as an…

Crypto & Web 3
July 28, 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?