Gurhan Kiziloz (BlockDAG Co-Founder)
Summary
Gurhan Kiziloz is a British-Turkish entrepreneur alleged to be the hidden co-founder of BlockDAG Network, a crypto presale project that claimed to raise up to $442 million but whose actual receipts appear materially lower based on on-chain analysis by investigator ZachXBT. Kiziloz previously founded UK fintech Lanistar, which received a Financial Conduct Authority warning for unauthorised financial services activity in 2020 and was ordered into liquidation by the High Court in April 2025. The Financial Services Authority of Seychelles issued a formal unauthorised-activity warning against BlockDAG's operating entity, DAG Systems Ltd., in March 2025, and no valid business registration for BlockDAG has been confirmed in Samoa despite the project's claims.
Connected Entities
1 entities · 10 linked investigations- + 12 more
Timeline(22 events)
2019-01-01
Gurhan Kiziloz founds Lanistar, a UK fintech company targeting Gen Z with an influencer-marketed debit card product.
FinTelegram2020-11-01
UK Financial Conduct Authority issues a public warning against Lanistar for operating without FCA authorisation.
Fintech Futures2021-01-01
UK Advertising Standards Authority rules against Lanistar's claim that its card was the 'world's most secure.'
Sifted2021-06-01
Lanistar secures FCA approval less than six months after the original FCA warning.
Fintech Futures2024-04-01
BlockDAG introduces bonus token schemes ('buy one, get ten'), raising concerns about actual token supply.
DL News2024-09-27
Borussia Dortmund issues a default notice to BlockDAG for €2,007,444 in unpaid sponsorship fees.
DL News2025-03-19
Financial Services Authority of Seychelles issues a formal unauthorised-activity warning against DAG Systems Ltd. (BlockDAG) under the Virtual Asset Service Providers Act, 2024.
FSA Seychelles2025-06-01
Inter Milan issues a cease-and-desist for material breach of its sponsorship contract with BlockDAG over non-payment.
DL News2025-08-01
Kiziloz holds a reported $1 million-plus wedding at Lake Como with alleged six-figure entertainment spend, while investors await undelivered miners and tokens.
Kiziloz-exposed.com2025-10-28
ZachXBT publishes allegations on X identifying Gurhan Kiziloz as BlockDAG's concealed co-founder and alleging presale funds were routed through Middle Eastern OTC brokers. BlockDAG alleges on-chain receipts total far below the publicly claimed $433 million.
Blockchain.News / Crypto Times2025-11-01
BWT Alpine F1 issues a $1.4 million breach notice to BlockDAG over unpaid sponsorship fees, with a December 3 cure deadline.
DL News2025-12-01
Antony Turner is fired as BlockDAG CEO, with Kiziloz citing NDA breaches. Nic Van Den Bergh is appointed new CEO.
DL News2025-12-29
Gurhan Kiziloz publicly acknowledges his role as BlockDAG founder in a live AMA session.
DL News2026-01-15
DL News publishes a major investigative report based on 13 insider interviews documenting unpaid employees, undelivered mining hardware, breached sports sponsorship contracts, and discrepancies between claimed and actual fundraise amounts.
DL News2026-03-29
BDAG token reaches an all-time high of approximately $0.4005 following exchange listings.
CoinGabbar2026-04-01
BDAG token collapses approximately 98–99% from its all-time high as presale holders sell at listing.
CoinGabbar2026-05-21
ZachXBT alleges at least $25 million in BlockDAG and ZKP presale funds were commingled and used to pay influencers promoting Kiziloz's casino venture, Spartans.com.
Yahoo Finance2026-07-01
BDAG trades at approximately $0.00003864, representing a decline of approximately 99.99% from its all-time high.
CoinGabbarDecision Log
- #1publish⛓ pending8/2/2026, 11:16:06 PMhash: 81aFRVK1qzgBRSDQZPPyUPJfomZn7NxLgRCjcJAF2QSg
15 of 19 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/2/2026, 11:15:53 PM
last updated: 8/3/2026, 6:13:24 PM
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