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Project Overview
BlockDAG Network is a Layer-1 blockchain project that enhances Bitcoin's Proof-of-Work consensus mechanism. It provides high-speed transactions, mobile mining through the X1 app, and supports developers through testnets, hackathons, and ecosystem development grants.
Event-related news
ZachXBT: BlockDAG and ZKP Presale Funds Allegedly Commingled and Used for Illegal Marketing Payments
On-chain sleuth ZachXBT posted on his personal channel that chain tracking analysis shows at least approximately $25 million in presale funds from two investment schemes related to Gurhan Kiziloz show signs of commingling. These funds were transferred to pay for promotions by KOLs and streamers, linked to his online gambling platform. ZachXBT stated that the fundraising materials for the related presale projects, BlockDAG Network and ZKP, did not disclose that the funds would be used to support other businesses. However, on-chain data reveals that after the funds were pooled across multiple addresses, they were transferred via cross-chain bridges to exchanges and then to promotional payment addresses.ZachXBT also named several related addresses, including the Spartans KOL payment address and the BlockDAG / ZKP presale wallets, and advised investors to stay away from the BlockDAG, ZKP, and Spartans projects. Currently, some retail investors are continuously complaining on social media about the use of these funds.
ZachXBT: BlockDAG Has Raised at Least $350 Million, Recently Suspected of Shifting to Casino Operations
Odaily News ZachXBT stated that choosing to gamble on Spartans itself is an IQ test, questioning that the operators behind Spartans have long-term plans to harvest retail investors. ZachXBT pointed out that Gurhan Kiziloz, a figure associated with Spartans, previously operated BlockDAG Network, which failed to launch its mainnet or miner products for years yet still promoted its presale with claims of 300x returns, raising at least $350 million from inexperienced retail investors. ZachXBT further indicated that BlockDAG has recently shifted its focus to casino operations and suspects that the related casino platform may be used to legitimize BlockDAG's capital sources, including circulating funds by paying high fees to employees and KOLs. Previously, multiple community members and content creators also publicly questioned Spartans' marketing model and operational transparency, warning users of potential rug pull risks.
Related news
ZachXBT: BlockDAG and ZKP Presale Funds Allegedly Commingled and Used for Illegal Marketing Payments
On-chain sleuth ZachXBT posted on his personal channel that chain tracking analysis shows at least approximately $25 million in presale funds from two investment schemes related to Gurhan Kiziloz show signs of commingling. These funds were transferred to pay for promotions by KOLs and streamers, linked to his online gambling platform. ZachXBT stated that the fundraising materials for the related presale projects, BlockDAG Network and ZKP, did not disclose that the funds would be used to support other businesses. However, on-chain data reveals that after the funds were pooled across multiple addresses, they were transferred via cross-chain bridges to exchanges and then to promotional payment addresses.ZachXBT also named several related addresses, including the Spartans KOL payment address and the BlockDAG / ZKP presale wallets, and advised investors to stay away from the BlockDAG, ZKP, and Spartans projects. Currently, some retail investors are continuously complaining on social media about the use of these funds.
ZachXBT: BlockDAG Has Raised at Least $350 Million, Recently Suspected of Shifting to Casino Operations
Odaily News ZachXBT stated that choosing to gamble on Spartans itself is an IQ test, questioning that the operators behind Spartans have long-term plans to harvest retail investors. ZachXBT pointed out that Gurhan Kiziloz, a figure associated with Spartans, previously operated BlockDAG Network, which failed to launch its mainnet or miner products for years yet still promoted its presale with claims of 300x returns, raising at least $350 million from inexperienced retail investors. ZachXBT further indicated that BlockDAG has recently shifted its focus to casino operations and suspects that the related casino platform may be used to legitimize BlockDAG's capital sources, including circulating funds by paying high fees to employees and KOLs. Previously, multiple community members and content creators also publicly questioned Spartans' marketing model and operational transparency, warning users of potential rug pull risks.