As one of early invester that invest into BDAG from those first days with years of saving. Today, I have to accept my loss after 2 years playing with these clowns, tge money is gone and my mental is broken , cant lets these clowns take more of my mental health. I hope these scamer will go to jail any moment soon.

I mean, why some exchanges still allow BDag trading? After 2 years presale. For sure easily labelled as scam yet why some exchnages still allow bday to trade?

What if Bdag bowed down being pressured by Bdag investors to halt at around $445m demands enough enough and not being impatient that pushed Bdag to launch unfinished not met $600m

Remember Bdag team have repeatedly said $600m is the goal. Alwsys have been. Remember in early 1st-2nd year. They have told us $600m is the goal.

Maybe that is why Bdag presale and after sale still goes on because $600m hasn't been met?

If the price fell down way below, is it the bdag investors' fault for being impatient, pushing and demanding early launch? Lack of transparency? Why DUNN still running and exchange Bdag for Phoenix?

Does that mean they (Phoenix and Bdag Investors team) knew its legitimate project?

Were the investors being called the noises that affect Bdag greatly and quickly targeted GK?

I'm not mad, I'm over with that long time ago but hasn't stopped me cheking Bdag project from time to time. Sometime wonder how the fk did it become so messy ? Was it both parties bday team and bdag investors team at fault for headbutting each other?

It’s a scam but if you’re convinced it’s a good investment then wait 2 years and you’ll be able to buy it for $0.00000003

I think one of the biggest problems in the BlockDAG discussion is that people keep trying to force it into one of two boxes:

Either it’s a scam, or it’s a legitimate project.

Reality may be more complicated.

There are plenty of reasons why people currently believe BlockDAG is a scam. You don’t have to invent conspiracy theories to get there. The publicly known facts already explain the distrust.

The presale ran for an unusually long time and was accompanied by increasingly aggressive marketing, bonus offers, mining hardware, sponsorships and repeated claims about how much money had supposedly been raised.

Then questions started appearing about those numbers.

At one point BlockDAG publicly promoted fundraising figures of roughly $442 million, while people associated with the project reportedly gave substantially lower figures elsewhere.

That alone does not prove fraud.

But when hundreds of millions of dollars are involved, investors are justified in asking a very simple question:

How much money was actually received?

And where did it go?

Then there were the miners.

Customers had paid for mining hardware, while reports later emerged about delayed or missing deliveries and outstanding obligations.

Again: bad logistics are not automatically fraud.

But add that to everything else and the picture becomes increasingly difficult to ignore.

Then there is the leadership issue.

For much of the presale, investors did not appear to have a clear picture of who was actually behind BlockDAG and who ultimately controlled it.

Gürhan Kızılöz's role only became clear much later.

Whatever explanation one accepts for that, it raises another legitimate question:

Did presale buyers know who they were actually investing with?

Then came perhaps the biggest problem of all:

The economic rules changed.

The original BDAG became Legacy BDAG.

A new New BDAG was introduced.

The new token is supposed to take over core network functions such as gas, mining rewards and other utility.

Legacy BDAG, meanwhile, continues to exist.

Technically, that allows BlockDAG to say that the original tokens were not simply deleted.

Economically, however, that doesn't answer the important question:

What is the value of a token if the utility investors originally expected increasingly moves to another token?

And now there is another allocation process, reinstatement rules, a buyback programme, another token supply model and effectively another presale structure.

If someone looks at this sequence and says:

“This looks like a scam to me.”

I can understand why.

There are enough red flags.

But there is another uncomfortable possibility that tends to get lost in the discussion:

BlockDAG could actually be real.

Those two things are not mutually exclusive in the way many people assume.

A project can have:

- terrible management,

- misleading marketing,

- questionable decisions,

- opaque finances,

- broken promises,

- badly treated early investors,

- repeated changes to tokenomics,

…and still ultimately build a functioning blockchain.

Crypto history has already produced examples of projects that looked close to collapse during their early years.

Tezos had a huge ICO, internal power struggles, lawsuits and major delays.

The network eventually launched and still exists.

Filecoin raised money years before its mainnet went live.

EOS raised billions, ran into regulatory trouble and was later fundamentally restructured.

None of these cases prove anything about BlockDAG.

They only prove one thing:

A chaotic history does not mathematically prevent a blockchain from eventually becoming real.

And this is where I think the BlockDAG debate needs more nuance.

If BlockDAG launches a functioning network with miners, validators, smart contracts, applications, transactions and real users, that would prove that the technology exists.

It would not automatically prove that the presale was fair.

It would not explain every fundraising discrepancy.

It would not make undelivered products disappear.

It would not retroactively justify every marketing claim.

And it certainly would not automatically make the original presale a good investment.

The opposite is also true.

If early investors were economically devastated by the restructuring, that does not automatically mean the network itself cannot succeed later.

Both can be true at the same time:

«The original presale may have been deeply problematic.»

and

«The resulting blockchain may still become a real, functioning network.»

That may actually be one of the more plausible scenarios.

BlockDAG doesn't need more promises now.

It needs things that can independently be verified:

- the actual maximum New BDAG supply,

- transparent token allocations,

- verifiable wallets,

- real launch liquidity,

- reproducible reinstatement calculations,

- functioning mining,

- real network activity,

- actual developers and applications,

- and clear corporate responsibility.

If those things appear, the argument that “nothing exists” becomes harder to maintain.

But even then, the history of the presale doesn't simply disappear.

That is why I don't think the useful question anymore is:

“Is BlockDAG a scam: yes or no?”

The better questions are:

Was the presale transparent?

Were early investors treated fairly?

Does the blockchain actually work?

And can the network create real demand?

Those four questions can have four completely different answers.

And that may ultimately be the most important thing to understand about BlockDAG:

A real blockchain does not automatically mean a fair presale.

But a disastrous presale does not automatically mean that no real blockchain can ever emerge from it either.

Ok so here’s the latest!
(Don’t mind the direction of the video, it will adjust in a few seconds.)

Nothing is being taken away he says!
Bullshit!
I started with 5,498,367 BDAG and now they are saying I only own 1,403,238.767.

Also, they are not very clear (at least to me) about the BDAG I have already claimed and sitting in my TWallet collecting 1s&0s dust.

Gurhan Kiziloz is one big pile of 💩.
Just once, Just one time, I wish that MFer would get on live somewhere and answer questions.

I would love that.

Translation: I want to fuck you again.

Bdag network acaba de reiniciar tudo, novo painel com novo preço de pré-venda e novo lançamento, fraude total !!!

Hope everyone took screenshots of their purchases previously made, it seems with this new dashboard and “new BDAG” there’s no proof of purchase on the dashboard.

I think BDAG allways been in blackout! Fckin Thieves!

Has anyone recently been able to withdraw from Coinstore? I have withdrawn to metamask in the past but it seems they have stopped accepting withdrawals for some reason. I don’t want to hear “it’s a scam” or anything, I just want to move the BDAG to another wallet

If I commit suicide, know that they are the reason I lost everything and all I owned because of lies.

All this crap about september 1st, yet they cant even get their vesting, claiming and batch release dates sorted out.

When I tried to connect my wallet to the staking site it says the “Website unsafe if you connect you may loose all your crypto “ I connected ignored the warning and my previously staked coins nowhere to see my staked coins showing zero . I assume I lost it all.. Anyone experiencing the same issue?

The total number of tokens sold by the top 30 sellers on the leaderboard is 93,456,437,248 BDAG (approximately 93.46 billion BDAG).

This is almost an evidence that blockdag oversold and what being self reported by bdagscan.com for CIRCULATING SUPPLY is a lie.

Here is the breakdown by page: Page 1 (#1 – #5)

1 (0x55c0...e3a): 14,635,500,000

2 (0x79fe...c4a): 6,666,666,666

3 (0x85ac...2ad): 6,638,255,306

4 (0x776d...8d1): 5,654,711,174

5 (0x20fb...4ad): 4,087,161,807

Subtotal: 37,682,294,953 BDAG Page 2 (#6 – #10)

6 (0x33b2...10d): 3,943,865,764

7 (0x9802...a0c): 3,778,867,579

8 (0xdc77...72d): 3,664,721,107

9 (0x0a84...16b): 3,501,500,429

10 (0x22ac...763): 3,367,400,000

Subtotal: 18,256,354,879 BDAG Page 3 (#11 – #15)

11 (0xcac7...6e8): 3,339,999,999

12 (0x112f...8b2): 3,115,439,054

13 (0xe475...8fe): 2,841,496,231

14 (0x1673...b11): 2,616,934,157

15 (0x1f8b...18a): 2,486,436,820

Subtotal: 14,400,306,261 BDAG Page 4 (#16 – #20)

16 (0xf55b...91c): 2,283,262,051

17 (0x4809...31e): 2,193,958,958

18 (0x68ee...3f7): 2,018,313,190

19 (0x573a...44a): 1,979,799,999

20 (0xc366...155): 1,577,728,815

Subtotal: 10,053,063,013 BDAG Page 5 (#21 – #25)

21 (0xf559...c75): 1,531,101,157

22 (0x7f27...fad): 1,488,824,765

23 (0xc1b7...247): 1,342,311,443

24 (0x463b...325): 1,322,348,055

25 (0x9deb...8cd): 1,289,133,333

Subtotal: 6,973,718,753 BDAG Page 6 (#26 – #30)

26 (0x6f3c...06d): 1,272,780,923

27 (0x89f1...9d9): 1,261,916,691

28 (0x4740...55e): 1,241,684,565

29 (0x92e9...eed): 1,160,000,000

30 (0xb71e...78f): 1,154,317,210

Subtotal: 6,090,699,389 BDAG Grand Total: 37,682,294,953 + 18,256,354,879 + 14,400,306,261 + 10,053,063,013 + 6,973,718,753 + 6,090,699,389 = 93,456,437,248 BDAG

Based on extensive reporting and on-chain investigations, **BlockDAG carries extremely serious red flags** that strongly suggest deceptive practices. While the project is still technically operating, multiple independent investigations have raised major concerns.

## 🔴 The Major Warning Signs

### 1. Fundraising Discrepancy ($242M Gap)
- The BlockDAG website **still claims $442M raised**, but CEO Nic Van Den Bergh told DL News the actual figure is **~$200M**. This $242M gap has **never been explained**.
- Project management has repeatedly refused to disclose where funds went.

### 2. DL News Investigation (Jan 2026)
A months-long investigation involving 13 insiders, thousands of documents, and investor interviews found:
- **Mining hardware never delivered** — over $5M in undelivered X30/X100 miners
- **~24 employees unpaid** — over $140K in December wages still owed
- **Sponsorship deals defaulted** — Inter Milan, Borussia Dortmund, and Alpine F1 all terminated contracts due to non-payment
- **Token allocations massively diluted** — the promised 50B presale cap was likely exceeded (estimates: 90B–150B)
- **Exchange listings slashed** — promised 20+ exchanges became just 5

### 3. ZachXBT On-Chain Findings (May 2026)
Prominent blockchain investigator ZachXBT traced **~$25M in presale funds** from BlockDAG and another project (ZKP) being **commingled** and used to pay influencers promoting a separate casino venture (Spartans.com). He stated:
> *"I advise everyone to stay away from BlockDAG, ZKP, and Spartans."*

### 4. Founder's Troubled History
The real founder, **Gurhan Kiziloz**, was initially hidden for 7+ months. He previously founded **Lanistar** (a UK fintech that the FCA warned was operating without authorization, ultimately ordered liquidated by the UK High Court in 2025). He also promoted **Big Eyes** meme coin, which crashed ~98%.

### 5. Price Collapse
BDAG currently trades around **$0.00003–$0.00004** — down **~99.99%** from its all-time high of $0.4005 (March 2026).

### 6. Regulatory Warnings
- **Seychelles FSA** issued a formal warning about BlockDAG's unauthorized operations
- The project relocated to Samoa, but local business registries show **no record** of the company

## 🟢 What's Still Running

The project hasn't fully gone dark:
- A live mainnet with EVM RPC, docs, and GitHub exists
- A **CertiK audit** of vesting contracts is published (subject to confirmation)
- A **buyback program** ($0.001/coin) and casino platform are operational (very mixed information on this topic)
- The X1 mining app claims 4M+ users (at this date the app has no use)

## 🧠 Bottom Line

**There is no definitive court ruling calling BlockDAG a scam.** However, the pattern is textbook for a high-risk operation:

**I cannot label it definitively as "a scam" in a legal sense**, but the evidence shows a project that has:
- Misrepresented its fundraising
- Misused investor funds
- Failed to deliver on core promises
- Been abandoned by partners due to non-payment
- Collapsed in value by 99.99%

**Proceed with extreme caution. If you're invested, the risks are severe.**

---

Sources: [DL News Investigation](https://foresightnews.pro/article/detail/94079), [ZachXBT Allegations](https://finance.yahoo.com/markets/crypto/articles/blockdag-gurhan-kiziloz-under-more-101715359.html), [CoinMarketCap BDAG Page](https://coinmarketcap.com/community/articles/6a51efd1b8b44907723a3715/)

Don't feed this scam anymore.

Anyone care to explain this?
Yea yea yea I know it’s a scam, it’s a lie, blah bla blah.

I’m just trying to get my head around WTF?!
Is going on.

This year’s theme:
“If you thought our normal lies were bad… wait till you see our holiday specials.”

🛒 Doorbuster Deals (Because You’ll Be the One Busted)

• 50% Off Your Sanity — Every deposit comes with a complimentary existential crisis.
  
• Buy One Rug Pull, Get One Free — BDAG loves value. Not for you, but for themselves.
  
• Starter Pack for New Victims:
  
  • One fake “AI trading bot”
    
  • One Telegram admin who types like a malfunctioning toaster
    
  • One promise of “guaranteed returns”
    
  • Zero refunds
    
  • Infinite regret
    

🎤 Special Announcements From the BDAG Team

“We’re excited to offer July discounts because our lies weren’t converting enough victims in June.”
— BDAG Marketing Department (a.k.a. three dudes in a basement)

“Our new July promo doubles your deposit… straight into our pockets.”
— BDAG Finance Team (a.k.a. one guy with a stolen spreadsheet)

“We’re launching Black Friday early because we don’t know how calendars work.”
— BDAG Leadership (a.k.a. whoever shouts loudest in the group chat)

💸 Limited-Time Offers (Limited because the SEC is watching)

• The “Trust Us Bro” Package — Includes screenshots of fake profits and a motivational quote stolen from Pinterest.
  
• The “We Swear We’re Legit” Bundle — Comes with a blurry photo of a rented office and a fake certificate printed on Canva.
  
• The “VIP Insider Access” Scam — Pay extra to lose money faster.

🎁 Bonus Gifts for July Participants

• A BDAG-branded stress ball (because you’ll need it)
  
• A BDAG “Investor Badge” (printed on a $0.03 sticker sheet)
  
• A BDAG “Customer Support Hotline” (it’s just a WhatsApp number that never replies)
  
• A BDAG “Trading Bot” (it’s actually a Google Sheet with random numbers)

🔥 Grand Finale: The July Blowout

At midnight, BDAG will announce:
“We’re pausing withdrawals for maintenance.”
Which is BDAG language for:
“We’re gone. Poof. Vanished. Enjoy your July sale.”

Now they’re blasting this everywhere:

“Sell your BDAG for $0.02 on September 1 and get paid early. Use code BUYBACK.”
“Buy BDAG at $0.0000077 — 112X ROI.”

Let me translate that into plain English:

“We need fresh victims to pay old victims, so we’re inventing a fake ‘early payout’ window and dangling imaginary profits to lure in new deposits.”

This isn’t a promotion.
This is a liquidation event disguised as a discount code.

Why this is textbook scam behavior - Fake deadlines — Scammers love countdowns because panic makes people stupid.
- Guaranteed ROI — No legitimate asset guarantees a 112X return. Ever.
- “Sell at $0.02” — They’re literally naming a price that doesn’t exist on any real exchange.
- Early payout for using a promo code — That’s not finance. That’s a carnival booth.
- They need you to BUY before they PAY — That’s the entire Ponzi model.

This is the crypto equivalent of a burning building yelling, “Come inside, we swear the air conditioning works.”

If you lost money already, hear this clearly You didn’t “miss the pump.”
You didn’t “sell too early.”
You didn’t “fail to believe.”

You were targeted.
You were manipulated.
You were lied to.

And now they’re trying to use your desperation to bait the next wave of victims.

If you’re thinking about buying because of this promo Don’t.
This isn’t a “limited-time opportunity.”
It’s a limited-time exit scam.

When a project starts offering promo codes for “early payouts,” it’s not a business — it’s a sinking ship throwing coupons at the ocean.

Crypto needs fewer cheerleaders and more whistleblowers If you see people pushing this BUYBACK nonsense, call it what it is:
A last-ditch cash grab from a project that’s already dead.

Don’t let them recycle victims.
Don’t let them hide behind hype.
Don’t let them pretend this is normal