ZachXBT Warns Investors to Stay Away from Projects Associated with Gurhan Kiziloz

According to ZachXBT’s disclosure, Gurhan Kiziloz—allegedly a co-founder of Spartans—is the mastermind behind Blockdag Network. The project raised over $300 million from retail investors through social media advertisements promoting unrealistic return expectations and fake partnerships. Its token sale lasted for more than two years, and pre-sale funds are suspected to have been transferred out via Middle Eastern over-the-counter (OTC) channels. During this period, Gurhan Kiziloz is accused of spending heavily on luxury items such as high-end cars, real estate, and premium watches. In October 2025, ZachXBT publicly identified him as a genuine co-founder, after which he was blocked by Gurhan Kiziloz; shortly thereafter, Gurhan Kiziloz publicly admitted his involvement. To date, at least 10 to 15 victims have claimed losses tied to this project. ZachXBT advises investors to steer clear of all projects associated with him.