Why are the BlockDAG and ZKP allegations important for investors?

The main concern is whether investor funds raised for separate projects were reused without disclosure across different businesses or marketing campaigns. If true, that could raise serious transparency and treasury management concerns for retail participants.

Who is Gurhan Kiziloz and why is he linked to BlockDAG?

ZachXBT previously alleged that Gurhan Kiziloz was the real force behind BlockDAG despite different public-facing leadership structures. Crypto research platforms including CryptoRank and CryptoPotato have also reported on these claims.

What is Spartans and how is it connected to the allegations?

ZachXBT claimed some wallet flows were linked to promotional payouts tied to Spartans and related entities associated with Kiziloz. The allegations suggest investor funds may have helped finance influencer and gambling-related marketing activity.

How much money was allegedly involved in the wallet transfers?

ZachXBT said blockchain tracing indicated that at least $25 million moved interchangeably across wallets tied to BlockDAG and ZKP. He alleged the funds were bridged, transferred to exchanges and later routed toward promotional operations.

Have the BlockDAG allegations been proven in court?

No, the allegations remain claims made through blockchain analysis and public reporting. There has not been a court ruling or official regulatory finding confirming wrongdoing by BlockDAG, ZKP or related parties.

Why are crypto presales often considered risky?

Crypto presales typically involve limited transparency, weaker investor protections and fewer regulatory safeguards than public securities markets. Investors often rely heavily on marketing claims and project teams without audited disclosures.

What concerns have retail investors raised about BlockDAG?

Public complaints on platforms like Reddit and Facebook have focused on withdrawal delays, unclear treasury management and concerns over whether investor funds were properly segregated. These complaints intensified alongside ZachXBT’s allegations.

Image for illustrative purposes only. Not a real photo.

ZachXBT alleges BlockDAG funds mixed with ZKP

Q: What did ZachXBT accuse BlockDAG and ZKP of doing?

ZachXBT alleged that presale funds from BlockDAG Network and ZKP were pooled together and partially redirected into influencer promotions and gambling-related marketing. He claims at least $25 million moved across linked wallets before being routed toward promotional payouts.

Written by Jon CuthbertPublished May 21, 2026, 1:19 AM

On-chain investigator ZachXBT has alleged that presale funds tied to BlockDAG Network and ZKP were pooled together and partially redirected into influencer promotions and gambling-related marketing activity.

ZachXBT claimed blockchain tracing indicated that at least $25 million from the two presales moved interchangeably through multiple wallets before being bridged, transferred to exchanges and routed toward promotional payouts linked to Spartans and entities associated with Gurhan Kiziloz.

The investigator alleged the projects did not disclose to investors that presale funds could be reused across separate businesses or ventures, raising concerns over treasury transparency and fund segregation.

The allegations build on earlier scrutiny surrounding BlockDAG’s extended token presale and claims that large portions of investor funds were off-ramped through over-the-counter brokers in the Middle East while significant marketing spending continued elsewhere.

Crypto research platforms including CryptoRank and CryptoPotato previously reported on ZachXBT’s allegations that Kiziloz was the real force behind BlockDAG despite the project presenting separate public-facing leadership structures.

ZachXBT also identified wallet clusters he described as linked to BlockDAG, ZKP and Spartans influencer payment operations while warning investors to avoid all three projects due to concerns over fund handling and promotional practices.

The allegations have not been proven in court, but they add to growing retail investor concerns over withdrawal delays, unclear treasury management and the broader risks associated with heavily marketed crypto presales targeting retail participants.