UAE Arrests WhiteRock Founder Over $30 Million Crypto Scam WHITE Token Drops 25-30%
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币界网报道：UAE authorities have arrested the founder of WhiteRock, a Dubai-based crypto firm, for allegedly orchestrating a $30 million scam through its White token. The arrest follows investor complaints about the company's failure to deliver promised returns. WhiteRock had promoted high-yield investments in crypto mining and trading, but investigations revealed the operation was a Ponzi scheme. The White token plummeted 25-30% after news of the arrest broke. UAE regulators are intensifying crackdowns on fraudulent crypto schemes, warning investors to exercise caution with high-return promises. The case highlights growing scrutiny of crypto projects in the region.
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