Bitcoin24h $121,776.41-0.28%

Ethereum24h $4,465.63-0.46%

XRP24h $2.95-2.91%

BNB24h $1,147.95+0.37%

Solana24h $226.92-1.72%

Dogecoin24h $0.2492-3.08%

TRON24h $0.3399-1.09%

Cardano24h $0.8375-3.12%

Hyperliquid24h $48.42-3.03%

Chainlink24h $21.94-2.16%

ZKasino rug pull suspect arrested in United Arab Emirates

Police arrested 21-year-old Ildar Ilham over the $30M rug pull orchestrated by crypto betting platform ZKasino.

ZKasino exploiter saw $27M liquidated on Hyperliquid trade

According to X users, the wallet placed a 20x leverage trade on the price of ETH that would liquidate if it fell to $1,745. On Sunday, it did.

ZKasino has announced a ‘two-step bridge back process’ for users to withdraw their share of what was branded a $33 million rug pull.

ZKasino users were told that all bridged Ethereum had been converted to its native gas token, ZKAS. This was apparently done as ‘a favor.’