On-chain investigator ZachXBT says roughly $25 million from two separate presales was commingled and funneled into influencer and gambling-linked marketing campaigns — a practice he argues was hidden from investors. What happened, according to the allegation - ZachXBT says on-chain tracing shows funds from the BlockDAG Network and ZKP presales were mixed across multiple wallets, bridged, sent to exchanges and then routed to addresses tied to promotional payouts — including payments to influencers, streamers and gambling-related marketing connected to Gurhan Kiziloz and the Spartans ecosystem. - The core charge is not mere sloppy bookkeeping: the presale materials for BlockDAG and ZKP, ZachXBT asserts, did not disclose that investor funds might be reused to support other projects. He contends wallet activity indicates the money was used interchangeably across the two fundraises. Scale and context - ZachXBT estimates about $25 million of presale proceeds were involved in these cross-project flows. Separately, other reporting has placed the wider BlockDAG presale at more than $300 million raised from retail investors through aggressive promotions and lofty return claims. - Earlier public warnings from ZachXBT and reporting by outlets such as CryptoRank and CryptoPotato flagged a long-running BlockDAG presale (more than two years), opaque cash movements, and off-ramping through Middle Eastern OTC desks while significant spending occurred elsewhere. Specifics and sources - ZachXBT named what he describes as the Spartans KOL payment wallet and a BlockDAG/ZKP presale wallet cluster in his trace of the flows. - RootData and other summaries have previously alleged that Kiziloz was the force behind BlockDAG and that the project’s public leadership served largely as nominal cover. Why it matters - If true, the behavior would mean funds marketed as coming from separate presales were effectively pooled and deployed to boost promotions for an associated gambling and influencer ecosystem — a use case investors were not led to expect. - The allegations amplify ongoing retail frustration: community complaints on Reddit and Facebook cite withdrawal delays, opaque fund use and doubts about whether raised capital was ever segregated. ZachXBT’s conclusion - The investigator’s blunt takeaway: investors should avoid BlockDAG, ZKP and Spartans. His warning follows months of scrutiny and adds a fresh dimension — alleged cross-use of presale capital — to existing concerns about the projects’ transparency. What to watch next - Independent audits, more detailed on-chain analyses, or statements from BlockDAG, ZKP, Spartans or Gurhan Kiziloz could confirm or refute the traces ZachXBT highlights. For now, the claims remain allegations backed by on-chain tracing and reporting from several crypto-focused outlets. Read more AI-generated news on: undefined/news