BDAG promised $0.05000 actual $0.000069 −99.86% mcap promised $1,000,000,000 mcap actual $4,180,000 −99.6% raised (claim) $442M on-chain (ZachXBT) <$100M promises broken 121 / 128 94.5% employees unpaid ~24 / $140K+ Borussia Dortmund €2,007,444 default Inter Milan cease & desist Alpine F1 $1.4M default · BDAG promised $0.05000 actual $0.000069 −99.86% mcap promised $1,000,000,000 mcap actual $4,180,000 −99.6% raised (claim) $442M on-chain (ZachXBT) <$100M promises broken 121 / 128 94.5% employees unpaid ~24 / $140K+ Borussia Dortmund €2,007,444 default Inter Milan cease & desist Alpine F1 $1.4M default ·
B
BlockDAG Exposed
INDEPENDENT · INVESTIGATIVE · CRYPTO
Newsletter Sign Petition
Latest BREAKING: BlockDAG says it will launch a ChatGPT and Claude rival in 48 hours. It still hasn't shipped a miner. On June 25 it announced an "LLM Mode to compete with the biggest names in AI" within 48 hours, a project with 0 miners shipped, a broken explorer, staking down 127 days and 0 documented buyback payouts. An admin walked it back the same day: "maybe simply another ecosystem feature." June 26: still no LLM, and the miner story shifted from "factory assembly photos" to "in customs clearance" overnight. | BlockDAG ran three different sell prices in 72 hours, then removed the "total invested" figure from its dashboard. June 20 to 22 the channel advertised $0.02, $0.01 and $0.0005 sell prices at once. One holder sold 100M BDAG "at $0.01" and the dashboard credited $1,320. Then the "total invested" figure was removed from the dashboard, which admins confirmed. By June 23 an admin admitted the team "cannot independently verify or guarantee individual dashboard calculations." On June 24 the buyback was reskinned as a "World Cup Bonus, 50% extra BDAG, 45X ROI," while the team still cannot say how much has actually been paid. | BlockDAG's "$0.10 FINAL" sell price vanished before its own deadline. The new sale sells at $0.0005. The "$0.10 sell option, FINAL 48 HOURS" with a June 20 deadline was scrapped on June 19 and replaced by a new "Ultimate Sale": buy $0.000024, sell $0.0005, a 200x lower sell price. Holders who already sold at $0.10 cannot tell if they will be paid. Super App moved to "August 20," miners "within 20 days," Turbo listing "October 1." | BlockDAG's "$0.05 FINAL" sell price became "$0.10," and the "FINAL 48 HOURS" countdown does not count down. The exact "FINAL 48 HOURS" post ran on both June 17 and June 18, a full day apart, and the dashboard clock moved to June 20. An admin called the push "marketing." Claiming, support and the explorer all stayed broken, with admins telling holders to "keep trying." | BlockDAG's network went down for days during its own buyback deadline. Admins confirmed "the BDAG network is down" from June 13 to 15. Holders could not claim or sell while the "$0.05 FINAL 72 HOURS" clock ran out. Then the project announced a "5,000 TPS" upgrade. | A BlockDAG presale deposit address is flagged "Phish / Hack" on Etherscan. An address BlockDAG's own website used to collect presale ETH now carries a phishing-scam warning reported by MetaMask, tagged "Blockdag Presale." An external, on-chain flag anyone can verify. | BlockDAG raised its buyback headline to $0.05, but holders say the dashboard still pays ~$0.0002. The advertised sell price climbed $0.03 to $0.05 in a day, yet holders report hundreds of times less. One reported a sale deducted with no payment and no hash. Committed volume is now reported to exceed the ~$68.5M published liquidity. | BlockDAG holders cannot claim their coins. The error: "Transaction failed." Claim transactions fail across batches 1 to 6 with "would revert." A regression, wallets that claimed on June 6 fail now, and the error tells holders to run a developer debug script. Even an account defending the project posted the same failure. | BlockDAG's buyback wallets hold $68 million on chain. No smart contract, and nobody has been paid. A community member traced four TronScan wallets totalling ~$68M, so the money is real. But there is no smart contract, the team holds the keys, and despite a "1 billion sold" milestone no holder has documented a payout. | The June 1 run-up. BlockDAG dropped the price to a new low of $0.00000012 hours before the supposed "buyback." 9th "FINAL 24 HOURS" campaign. $25M liquidity deployment quietly slipped to June 30. | In its own words, BlockDAG's "ecosystem" is now four gambling products and a denial. BDAG, TURBO, Casino, Buyback, Sparks, Stablecoin. Casino loyalty tiers added. ZachXBT investigation flatly denied. | BlockDAG's "Final Batch 6" $10,000 lottery, the slot-machine token, and the June 30 lock. Presale coins locked until June 30 unless you used a secret promo code. TURBO put on a slot machine within 24h. | BlockDAG launched "TURBO" — the 7th distinct presale mechanism in 14 months. $0.0005 entry, $0.04 "launch", "80X ROI." No tokenomics published. Community: "F Turbo F FOMO until our network is working correctly." | MEXC cancelled the BDAG listing before launch, BTSE suspended trading. Two exchanges pulled BDAG between May 23 and 24. BlockDAG admin: "Only the exchange admin can explain." | BlockDAG "burned" 1B BDAG — circulating supply went UP +1.54B in same week. Batch 5 buyer: 368M paid, 300K claimable (99.92% compression) | BDAG Sparks closed 6 days after launch — casino deposits not crediting, Aftersale at $0.00000025 | Is BlockDAG a scam? — Full evidence review: 121 of 128 promises broken, $213M founder freeze, $250 max recovery | BlockDAG just blocked us on X — same week as the $0.0000003 sale + 250k buyback cap story. The block is the receipt. | BlockDAG sells BDAG at $0.0000003 — buyback capped at 250,000 coins, max $250 per user. Marketing did not mention the cap. | Miner sales STOPPED — admin: "purchase from third party websites later" | Batch 1 claims RETRACTED — admin: "no longer available to be claimed" | x10swap: a paid lottery dressed as a token swap — $40 entry fee, most denied, no refund | May 15: casino postponed a third time — Sparks users cannot withdraw | Tether freezes $213M linked to BlockDAG founder Kiziloz — Brazil court order | Staking broken 127 days and counting — funds locked, no fix date
$0.05 $0.04 $0.02 $0.00 PROMISED · $0.05000 LAUNCH — MAR 4, 2026 ACTUAL · $0.000069 · −99.86% PROMISED vs reality −99.8% BREAKING · MARKETING FILE NO. 007 / 65
Breaking · 11 May 2026

"No sale after May 7th." Less than 24 hours later, BlockDAG launched another presale.

BlockDAG sent dozens of "AFTERSALE CLOSES FOREVER" messages on May 7. An admin confirmed: "No sale after May 7th." On May 8, a new Utility Presale launched at $0.0000005 per BDAG — the sixth distinct sales mechanism since 2024. This is promise #65. It was broken within 24 hours.

BlockDAG Exposed · Investigations Desk · 11 May 2026 · 5 min read

Latest investigations

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Top stories

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Markets · Exchange listings

The exchanges that never came — 20 promised, 3 delivered

After the Alpine Racing default and the DL News investigation, BlockDAG's public CEO was removed. His replacement was the Chief Marketing Officer. Community AMAs since have not addressed missing miners, broken staking or delayed listings.

BlockDAG Exposed · 27 Apr 2026 · 6 min read
A. Turner FIRED · DEC '25 N. Van Den Bergh CMO → CEO EXECUTIVE TRANSITION · DEC 22, 2025 NO PRESS RELEASE · TELEGRAM ONLY
Investigation · Staking

75 days and still broken: BlockDAG's staking failure

Liza Van Den Berg, BlockDAG's former payroll manager, alleges the presale sold more BDAG than was reserved for the round — a claim that, if accurate, would compound the on-chain shortfall ZachXBT identified.

BlockDAG Exposed · 22 Apr 2026 · 8 min read
" the presale was oversold by over 100% L. VAN DEN BERG · PAYROLL MGR SWORN DECLARATION · PENDING WHISTLE BLOWER
Operations

Staking has been "under maintenance" for 70+ consecutive days

Promised live February 19, 2026, BlockDAG's staking product has now been listed as "under maintenance" for ten weeks. Holders cannot access deposited funds. Customer support tickets routinely go unanswered.

BlockDAG Exposed · 19 Apr 2026 · 4 min read
staking.blockdag.network ⚠ UNDER MAINTENANCE 79 days withdrawals · disabled DO NOT CROSS · FUNDS LOCKED · DO NOT CROSS PROMISED LIVE · FEB 19, 2026 SUPPORT TICKET ETA · NONE
Markets · Listings

"Day-one listings on 20 exchanges." Reality: three small exchanges, no DEX.

BlockDAG marketed Day-1 listings on 20 exchanges and DEX availability on launch (March 4). At launch the token appeared on three small CEXs, with no DEX route. Liquidity disclosed at the January 6 investor meeting: $32M.

BlockDAG Exposed · 14 Apr 2026 · 5 min read
DAY 1 LISTINGS · 20 PROMISED 3 / 20 DELIVERED 17 NEVER LISTED 0 DEX ROUTES MAINNET · MAR 4 2026

Promise tracker · 128 tracked

Open full tracker →
128
Promises tracked
Telegram, X, website & AMAs
121
Broken or misleading
94.5% failure rate
5
Pending or unproven
Promised, not yet delivered
2
Actually kept
Mainnet · first claim batch
Subject Promised Reality Status
Launch price $0.05000 $0.0005 (actual launch) Broken
Current price vs promise $0.05000 $0.000069 · −99.86% Broken
Market cap at launch $1,000,000,000 $4,180,000 Broken
Funds raised $442,000,000 <$100M (ZachXBT on-chain) Disputed
Exchange listings on Day 1 20 exchanges 3 small exchanges Broken
DEX listings Day 1 · Mar 4 Not available Broken
Miner shipping Feb–Apr 2026 Still unshipped Broken
Staking live Feb 19, 2026 Under maintenance 127 days Broken
Casino product Full details by May 7, 2026 Deadline passed in silence Broken
Super App Jun 15, 2026 Not yet built — pending Pending
Mainnet launch Q1 2026 Launched Mar 4, 2026 Kept
First claim batch At launch Distributed Kept

The people behind it

Read full dossiers →
GK
True founder · Revealed Dec 2025

Gurhan Kiziloz

Hidden for over two years, Kiziloz was publicly revealed as the founder after CEO Antony Turner was fired. His previous company Lanistar was liquidated after the FCA issued a consumer warning for unauthorized financial activity in 2020. Linked to Big Eyes, Dogetti and Poorcoin — all of which collapsed shortly after launch.

⚠ Pattern of failed projects
AT
Former CEO · Fired Dec 2025

Antony Turner

The public face of BlockDAG throughout the 450-day presale. Fired in December 2025 following the Alpine Racing payment default and the DL News investigation. Later revealed to have been a figurehead while Kiziloz controlled the finances.

— Removed from leadership
NV
Current CEO · Appointed Dec 2025

Nic Van Den Bergh

Former Chief Marketing Officer, promoted to CEO after Turner's departure. Community members have repeatedly criticized his AMAs for failing to address missing miners, broken staking and delayed exchange listings.

⚠ Marketing background, no tech track record

Evidence · Direct quotes

All 38 quotes →
Telegram · Apr 12, 2025
"BDAG will launch at $0.05. There is no scenario where this changes. We have the liquidity, we have the listings."
— BlockDAG official channel · captured by community
X · Sep 8, 2024
"Day one we list on 20+ exchanges including all top tier. DEX trading goes live with mainnet."
— BlockDAG marketing post · since deleted
Whitepaper v1.2
"Our novel DAG consensus achieves 10,000–15,000 TPS with sub-second finality."
— claim later shown to mirror Kaspa formulas line-by-line

Sponsorship default notices · public record

View all sources →
Borussia Dortmund
€2,007,444 payment default notice issued
September 2024 · breach of contract
Inter Milan
Material breach filed; cease & desist served
June 2025 · cease & desist Aug 2025
Alpine Racing F1
$1.4M unpaid sponsorship fees, December deadline missed
December 2025 · default ongoing
Internal payroll
≈24 employees owed $140,000+ for December salaries
December 2025 · per former payroll mgr