blockdag

On-chain detective ZachXBT posted a warning stating that "choosing to gamble on Spartans is itself an IQ test," and questioned the long-term harvesting behavior of the operators behind Spartans. ZachXBT pointed out that Gurhan Kiziloz, a figure related to Spartans, previously operated BlockDAG Network, which has not launched its mainnet or mining products for years, yet still promoted a presale with "300 times returns" and has raised at least $350 million from inexperienced retail investors.He further stated that BlockDAG has recently shifted to casino operations and suspects that the related casino platform may be used to "legitimize BlockDAG funding sources," including circulating funds by paying high fees to employees and KOLs. Previously, several community members and content creators have also publicly questioned Spartans' marketing model and operational transparency, warning users of potential "rug pull" risks.

On-chain investigator ZachXBT posted on platform X, stating that Spartans co-founder Gurhan Kiziloz may be the mastermind behind Blockdag Network. The project raised over $300 million from retail investors through social media advertising and has been accused of unrealistic profit promises and misleading partnership promotions.ZachXBT noted that the token sale of Blockdag has been ongoing for over two years, while gradually liquidating pre-sale funds through Middle Eastern over-the-counter (OTC) channels; during this period, Gurhan Kiziloz has been accused of high-end luxury spending, including luxury cars, real estate, and luxury goods. Relevant individuals have a significant amount of paid PR content in public information, and it was claimed that as early as October 2025, it was revealed that the management of Blockdag were "nominal leaders," with the actual controller being Gurhan Kiziloz, who later publicly admitted to his involvement.ZachXBT stated that he has received feedback from at least 10 to 15 victims regarding financial losses and reminded the market to remain highly vigilant about projects related to Gurhan Kiziloz.

ChainCatcher news, on-chain detective ZachXBT tweeted that Gurhan Kiziloz is the actual co-founder of Blockdag, secretly hiring Antony Turner to act as an external representative, and transferring millions of dollars in retail participation pre-sale funds through Middle Eastern over-the-counter brokers.

ChainCatcher message, on social media, on-chain analyst ZachXBT pointed out that BlockDAG Network is a fraudulent project, with its presale lasting over 1.5 years while constantly claiming "ending soon."At the same time, it was discovered that the project team regularly transferred investor funds to exchange accounts and used fabricated data for marketing to create retail FOMO.