Gurhan Kiziloz
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anchored·3oQhWJ…5mP6Summary
Gurhan Kiziloz is a Turkish-British entrepreneur who co-founded BlockDAG Network, a Layer-1 blockchain project that claimed to raise up to $442 million in a presale running from December 2023 to February 2026. His identity was concealed for over two years while a public-facing CEO served as the project's visible representative; Kiziloz confirmed his role in a December 2025 investor AMA. His prior UK fintech Lanistar received an FCA consumer warning in November 2020 and was liquidated by a UK High Court in September 2025. In May 2026, a Brazilian court ordered the freeze of approximately $213 million in USDT across 48 wallets linked to Kiziloz over alleged unpaid gambling taxes and unregistered crypto sales; a Brazilian federal appellate court subsequently narrowed the freeze in August 2026, with full adjudication ongoing.
Connected Entities
1 entities · 10 linked investigations- + 12 more
Timeline(22 events)
15 November 2020
Lanistar launches its app using paid influencer marketing with high-profile figures.
Forbes18 November 2020
UK FCA issues consumer warning against Lanistar for providing financial services without authorisation.
FCA20 November 2020
FCA removes Lanistar consumer warning after the company adds a disclaimer and clarifies its pre-launch status.
FCA1 April 2024
BlockDAG introduces a bonus coin scheme, potentially diluting the originally promised 50 billion BDAG token allocation.
DL News1 August 2024
BlockDAG signs sponsorship agreement with Borussia Dortmund, which subsequently goes unpaid.
DL News1 September 2024
Borussia Dortmund terminates its sponsorship with BlockDAG after approximately EUR 2 million goes unpaid.
DL News1 February 2025
A second winding-up petition is filed against Lanistar by Accomplish Financial Limited.
Sifted19 March 2025
Financial Services Authority of Seychelles issues a public warning against BlockDAG and DAG SYSTEMS LTD. for unauthorized activity under the Virtual Asset Service Providers Act 2024.
FSA Seychelles1 June 2025
Inter Milan issues a cease-and-desist to BlockDAG for non-payment of its sponsorship agreement.
DL News1 September 2025
UK High Court orders Lanistar into liquidation following the second winding-up petition.
Tech.eu28 October 2025
BlockDAG CEO Antony Turner announces the 'Value Era' campaign beginning October 30.
Cryptopolitan29 October 2025
ZachXBT publishes on-chain analysis identifying Gurhan Kiziloz as BlockDAG's concealed co-founder and alleging presale funds were routed through Middle Eastern OTC brokers. BlockDAG blocks ZachXBT on X.
Cryptopolitan29 December 2025
Kiziloz confirms his co-founder role in a live investor AMA, states Turner was hired as a front because of 'a few failed projects in the past,' and dismisses Turner for alleged NDA breach.
Bitget News4 March 2026
BDAG token lists on exchanges. Listings reduced from the promised 20 to 5 exchanges.
Crypto News29 March 2026
BDAG reaches an all-time high of approximately $0.40, before beginning a sharp decline.
CoinStats14 May 2026
A Brazilian court orders Tether to freeze approximately $213 million in USDT across 48 wallets linked to Kiziloz over alleged unpaid gambling taxes and unregistered crypto sales. Total asset freeze reported at approximately $527 million.
The Cryptonomist3 August 2026
A Brazilian federal appellate court narrows the asset freeze, finding the original order too broad and directing individual evaluation of each frozen asset. Full resolution expected by October 2026.
Tech FinancialsDecision Log
- hash: 3GoocSwspTdUME7ogtqUp7BBMs9dKJaiDK1C7djhmDmg
This investigation is cryptographically anchored to the Solana blockchain (1 event). 12 of 21 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/2/2026, 5:36:31 PM
last updated: 9/2/2026, 7:50:30 PM
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