TechFlow News, April 9: According to ZachXBT’s disclosure, Gurhan Kiziloz—alleged co-founder of Spartans—is reportedly the mastermind behind Blockdag Network. The project raised over $300 million from retail investors through social media advertisements promoting unrealistic return expectations and fabricated partnership claims. Its token sale lasted for more than two years, and funds raised during the presale are suspected to have been transferred out via Middle Eastern over-the-counter (OTC) channels. During this period, Gurhan Kiziloz is alleged to have spent heavily on luxury goods, including high-end vehicles, real estate, and premium watches.
ZachXBT publicly identified him as a genuine co-founder in October 2025, after which he was blocked by Gurhan Kiziloz. Gurhan Kiziloz later publicly acknowledged his involvement. To date, at least 10 to 15 victims have claimed financial losses tied to this project. ZachXBT advises investors to avoid all projects associated with him.
