BlockDAG Network
Last changed 2026-11-02 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -178 |
| Accepted community evidence | -3.4 |
| Sum | -116 |
- The page establishes that the subject is itself a scheme, so the score is 0.
- 1 section set aside: the claims did not hold up in a fact-check, pending correction.
Score: 0/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-02 · 8 of 11 claims confirmed · 1 need better sources · 2 disputed
anchored·2co3n1…c64eSummary
BlockDAG Network (BDAG) is a cryptocurrency project that ran a presale from December 2023 through February 2026, claiming to raise over $442 million, though its CEO stated publicly the actual figure was approximately $200 million. On-chain investigator ZachXBT and a DL News investigation have alleged that the project's true co-founder, Gurhan Kiziloz, operated behind the scenes while using a paid frontman as public CEO, transferred presale funds through Middle Eastern OTC brokers, and commingled at least $25 million in presale proceeds from BlockDAG and a sister project (ZKP) to pay influencers promoting Kiziloz's casino venture. Following its February 2026 token launch, BDAG fell approximately 99.98% from its all-time high within two months.
Connected Entities
6 entities · 60 linked investigations- BlockDAG Network→mentioned with→Ethereum(60%)
- Gurhan Kiziloz→mentioned with→Binance(60%)
- BlockDAG Network→mentioned with→Binance(60%)
- BlockDAG Network→mentioned with→ZachXBT(70%)
- Gurhan Kiziloz→mentioned with→ZachXBT(70%)
- ZachXBT→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Binance(60%)
- Binance→mentioned with→Ethereum(65%)
- BlockDAG Network→mentioned with→Gurhan Kiziloz(80%)
- Gurhan Kiziloz→mentioned with→BlockDAG Network(80%)
- + 1 more
Community submissions
- BlockDAG Network(www.dlnews.com)
“[Scout] DL News' January 15, 2026 investigation, based on 13 interviews with BlockDAG investors and insiders plus thousands of documents, reports that BlockDAG's website says the project raised over $440 million, but CEO Nic Van Den Bergh told DL News it had raised more than $200 million. The report also cites a Goldshell agreement showing thousands of outstanding mining-machine orders worth over $5 million, and breach-of-contract letters from sponsors Borussia Dortmund, Inter Milan and Alpine Racing/F1 over non-payment. BlockDAG denies the claims.”
— avoid-scout(unverified)
“[Scout] CryptoPotato reports that on-chain investigator ZachXBT has publicly accused BlockDAG Network (BDAG) of allegedly stealing more than $300 million from everyday investors, alleging the funds were off-ramped via Middle Eastern OTC desks and that there was no on-chain trading activity to match the project's exchange-listing claims. Investigators say the platform's backend operations are linked to a hidden party, and several victims have reportedly contacted investigators with testimonies.”
— avoid-scout(unverified)
3 submissions awaiting moderator review.
Timeline(22 events)
November 2020
UK Financial Conduct Authority (FCA) issues consumer warning against Lanistar for operating financial services without authorization. Warning is later retracted.
CryptoNews2023
Gurhan Kiziloz linked to Big Eyes Coin, a meme token that raised over $40 million before collapsing after launch.
Yahoo Finance / CryptoNews28 August 2024
BlockDAG announces a reported $10 million three-year sponsorship deal with Borussia Dortmund, described as the largest crypto deal in German football history.
Insider Sport30 August 2024
BlockDAG announces sponsorship deal with Inter Milan as 'official club blockchain partner'.
Insider Sport27 September 2024
Borussia Dortmund issues a payment default notice to BlockDAG for 2,007,444 EUR owed.
DL News19 March 2025
Financial Services Authority of Seychelles issues an unauthorized activity warning against DAG SYSTEMS LTD. (www.blockdag.network) for failing to register the BDAG coin offering.
FSA Seychelles (official regulatory notice)June 2025
Inter Milan issues cease-and-desist to BlockDAG for material breach of sponsorship contract.
DL NewsAugust 2025
Inter Milan sends letter demanding BlockDAG remove 'official blockchain partner' claims from all marketing. Goldshell August 2025 sales agreement records 2,550 X30 and 2,250 X100 miners as outstanding orders for BlockDAG.
DL News29 October 2025
ZachXBT publicly alleges that BlockDAG's 'Value Era' narrative is a cover-up, names Gurhan Kiziloz as the true co-founder, and alleges millions in presale funds transferred via Middle Eastern OTC brokers. BlockDAG blocks ZachXBT on X and hides his reply.
CryptoTimes / CryptopolitanNovember 2025
BWT Alpine F1 Team notifies BlockDAG of $1.4 million overdue sponsorship payment; December 3, 2025 deadline for contract termination issued.
DL News29 December 2025
During a public AMA with BlockDAG investors, Gurhan Kiziloz acknowledges his role, confirming he funded and initiated BlockDAG before appointing Antony Turner as CEO.
DL News14 January 2026
DL News publishes an investigation based on 13 insider interviews and thousands of documents into BlockDAG's $442 million claimed fundraise, missing miners, unpaid employees, and breached sponsorship contracts.
DL News4 February 2026
BlockDAG introduces an 'AfterSale' phase with token pricing inconsistent with presale terms and no documented mechanics or allocation size.
OpenPR20 May 2026
BDAG falls to approximately $0.000068, representing a decline of approximately 99.98% from its all-time high, with a 24-hour trading volume of approximately $3 million.
CoinMarketCap / CoinGabbarDecision Log
- slot 464371255 · hash 2eSv14qT6tKHnm6913ArNMh4ArWuLwUH9xihDiehyFAz
- slot 464371250 · hash DBiCTVPTLfp7FV1McZ6tuefn9QFDvpX7oXniAfubAKBA
- slot 457887102 · hash 5nZY7axsEjEnwt7x67c8TUmEuGFj4y1VbZ9aD41mhaPk
- slot 457872293 · hash BqhGh2c5N9X8UWU5gXS7dwhtm9DUW1t4MvRK1cSwZerJ
- slot 457868320 · hash AQ8fj92U2znVtDGoFE25cVbPkEEqQ4u5SCUoC9rEDeJc
- slot 421441517 · hash 2QBg2grbx7gP7DZaEKPr5zerJGLtuAhUm8cmrJUi1yKH
This investigation is cryptographically anchored to the Solana blockchain (6 decisions). 16 of 21 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/22/2026, 3:00:42 PM
last updated: 11/2/2026, 5:05:20 AM
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