On-chain investigator ZachXBT says Gurhan Kiziloz, described as an alleged Spartans co-founder, is behind the project. The claim surfaced on X and hit a market already questioning BlockDAG presale, delayed rollout, and hard-sell marketing.
ZachXBT alleged on X that Gurhan Kiziloz was the hidden force behind Network and said the project raised more than $300 million from retail investors through ads that promised unrealistic returns and misleading partnerships. The claims revived older concerns about a presale that ran for more than two years, OTC off-ramps, and a January DL News investigation into missing miners, unpaid workers, and disputed fundraising totals.
Source: Official ZachXBT
ZachXBT claims that the platform raised over $300 million from retail buyers through social ads. He said those ads pushed unrealistic returns and misleading partnerships.
He also alleged that presale funds moved through Middle East OTC desks. ZachXBT said luxury spending included supercars, mansions, watches, and giveaways.
The original post was not directly viewable in our checks at publication, as the post was deleted. Even so, several trackers repeated the same claims. That is why the BlockDAG Scandal moved fast across feeds.
Source: X
The new allegations add to a January DL News investigation. That report said that the website claimed $442 million raised, while its CEO cited about $200 million. It also described complaints about missing miners, unpaid employees, and breached contracts.
Kiziloz previously led Lanistar. Business Insider reported that the FCA warned Lanistar in 2020, then later removed the notice after marketing changes. That history helps explain searches like “Is BlockDAG Network Real or Fake?”
Some readers also track the BlockDAG listing date, BDAG launch date, and Bdag binance chatter. In the materials reviewed, the website still promoted presale access, while third-party coverage cited a March 4 debut. No Binance listing appeared in those materials.
Separate marketing on the website and X promoted a “final allocation” at $0.0000061 with “95X potential” ROI. This comes as the project pushes its smart wallet claims live within 24 hours and highlights that global exchanges are already active.
Despite the low price, the marketing promises booming demand and a limited supply remaining, suggesting that this could be the final phase before price discovery.
The call to action urges investors to act quickly, stating: "Buy BDAG, stack your wallet, and get up to 95X." However, these bold claims raise red flags, as such returns and limited supply offers often spark skepticism in the crypto community, especially with growing concerns about the legitimacy of the project.
Source: Official X
The current Bdag Price sat near $0.0002387 and showed a 15.33% daily drop. For readers following the latest news today and the Blockdag price prediction 2026, that gap is the real issue. This is an inference, not reported data. A cautious 2026 working range is $0.00005 to $0.00030, assuming thin liquidity and continued scrutiny.
Source: CoinMarketCap
For now, this story is about trust, not hype. Until the project offers clearer disclosures, firm token timelines, and verifiable fund trails, each new promotion will face harder questions from traders, investigators, and first-time crypto readers.
Disclaimer: This article reports allegations, public marketing claims, and market data. It does not declare guilt or innocence. Crypto assets are risky. Readers should verify exchange notices, token terms, wallet flows, and official filings before making decisions.
Sakshi Jain is a crypto journalist with over 3 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, in-depth news coverage, and SEO-optimized content. Passionate about bringing clarity and engagement to the fast-changing world of cryptocurrencies, Sakshi focuses on delivering accurate and timely insights. As a crypto journalist at Coin Gabbar, she researches and analyzes market trends, reports on the latest crypto developments and regulations, and crafts high-quality content on emerging blockchain technologies.
Sakshi Jain is a crypto journalist with over 3 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, in-depth news coverage, and SEO-optimized content. Passionate about bringing clarity and engagement to the fast-changing world of cryptocurrencies, Sakshi focuses on delivering accurate and timely insights. As a crypto journalist at Coin Gabbar, she researches and analyzes market trends, reports on the latest crypto developments and regulations, and crafts high-quality content on emerging blockchain technologies.
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