ZachXBT Exposes Hidden BlockDAG Co-Founder and Missing Millions

• ZachXBT alleges Gurhan Kiziloz secretly managed BlockDAG and diverted presale funds.
• Antony Turner is said to be the visible leader, while Kiziloz stayed undisclosed.
• The allegations raise global concerns about transparency in crypto fundraising.

A major dispute has erupted in the cryptocurrency industry after blockchain investigator ZachXBT accused Gurhan Kiziloz of being the undisclosed co-founder of BlockDAG. He alleged that Kiziloz funneled millions of dollars in investor funds through Middle Eastern over-the-counter (OTC) brokers.

Kiziloz was secretly controlling the project, according to ZachXBT, while Antony Turner played the role of its public representative and spokesperson. He alleged that this arrangement gave the appearance of openness while hiding the actual point of control. The investigator went on to say that the funds from the presale were routed to outside brokers instead of the project’s recognized development accounts.

Leadership Allegations and Public Response

The controversy intensified shortly after BlockDAG’s official announcement of its “Value Era” campaign. The company’s CEO, Antony Turner, appeared in a promotional post declaring a new stage following the “Power” and “Dominance” eras. He announced that the firm would unveil three major updates, marking what he called a defining moment for the project. Moments later, ZachXBT publicly countered the announcement with a statement shared on his verified X account.  

ZachXBT wrote, “Stop your lies; the grifter Gurhan Kiziloz is the real co-founder secretly behind Blockdag, who pays people like Antony Turner to be the face of it while transferring away millions in presale funds from unsophisticated retail investors via Middle Eastern OTC brokers.”

This direct claim contradicted BlockDAG’s leadership narrative, which characterized Turner as the company’s top manager and the one who made all the critical decisions. The assertion gained popularity on the internet, sparking a significant discussion about the project’s authenticity and management. According to the experts, the timing of ZachXBT’s remark, just after BlockDAG’s promotional post, raises further suspicion about the company’s motives for promoting its product.

Transparency and Compliance Under Scrutiny

The incident became a matter of great concern in the crypto world very fast, and it also sparked a considerable debate on the project leadership’s honesty regarding large-scale token sales. The investigators and analysts noted that a dual-leadership structure might lead to a lack of accountability, which in turn could allow some individuals to manage the money in a manner that is unknown to investors, including those who hold the leadership positions. In the case of BlockDAG, the findings of ZachXBT suggested that Kiziloz’s supposed involvement was intentionally kept secret during the token presale period. 

Related: ZachXBT Tracks $28M Bittensor Hack Through NFT Trades

The presale was an essential part of BlockDAG’s “Value Era” campaign, which was designed to attract early investors by offering them access to technology and fair participation. However, the investigation by ZachXBT showed that millions from the fundraising round were reportedly diverted through undisclosed OTC channels in the Middle East. If these things are true, they will not only constitute compliance violations but also severely erode investor confidence. 

The cryptocurrency community is now asking what measures are in place to protect investors from hidden control structures and fund mismanagement in projects. The scrutiny is intensifying, and BlockDAG’s silence regarding these allegations has only heightened the public’s curiosity and anxiety. Can blockchain projects maintain their good name if the leadership transparency is compromised?

This is a persistent question that sparks discussions, and, at the same time, it is the reason why stricter disclosure requirements, independent auditing, and more transparent regulatory oversight in cryptocurrency fundraising efforts continue to grow.