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Gurhan Kiziloz (BlockDAG Co-Founder)

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Summary

Gurhan Kiziloz is a British-Turkish entrepreneur alleged to be the hidden co-founder of BlockDAG Network, a crypto presale project that claimed to raise up to $442 million but whose actual receipts appear materially lower based on on-chain analysis by investigator ZachXBT. Kiziloz previously founded UK fintech Lanistar, which received a Financial Conduct Authority warning for unauthorised financial services activity in 2020 and was ordered into liquidation by the High Court in April 2025. The Financial Services Authority of Seychelles issued a formal unauthorised-activity warning against BlockDAG's operating entity, DAG Systems Ltd., in March 2025, and no valid business registration for BlockDAG has been confirmed in Samoa despite the project's claims.

Connected Entities

1 entity

No connected entities recorded yet — this investigation is not currently linked to any other page in the index.

Have evidence about Gurhan Kiziloz (BlockDAG Co-Founder)?

Timeline(22 events)

2019

Gurhan Kiziloz founds Lanistar, a UK fintech company targeting Gen Z with an influencer-marketed debit card product.

FinTelegram

November 2020

UK Financial Conduct Authority issues a public warning against Lanistar for operating without FCA authorisation.

Fintech Futures

2021

UK Advertising Standards Authority rules against Lanistar's claim that its card was the 'world's most secure.'

Sifted

June 2021

Lanistar secures FCA approval less than six months after the original FCA warning.

Fintech Futures

December 2023

BlockDAG Network launches its presale with an anonymous founding team.

DL News

April 2024

BlockDAG introduces bonus token schemes ('buy one, get ten'), raising concerns about actual token supply.

DL News

July 2024

Antony Turner is publicly introduced as BlockDAG's founder and CEO.

DL News

27 September 2024

Borussia Dortmund issues a default notice to BlockDAG for €2,007,444 in unpaid sponsorship fees.

DL News

October 2024

Lanistar faces its second winding-up petition within six months.

Sifted

19 March 2025

Financial Services Authority of Seychelles issues a formal unauthorised-activity warning against DAG Systems Ltd. (BlockDAG) under the Virtual Asset Service Providers Act, 2024.

FSA Seychelles

2 April 2025

UK High Court issues a winding-up order against Lanistar Limited.

Tech.eu / MEXC News

June 2025

Inter Milan issues a cease-and-desist for material breach of its sponsorship contract with BlockDAG over non-payment.

DL News

August 2025

Kiziloz holds a reported $1 million-plus wedding at Lake Como with alleged six-figure entertainment spend, while investors await undelivered miners and tokens.

Kiziloz-exposed.com

28 October 2025

ZachXBT publishes allegations on X identifying Gurhan Kiziloz as BlockDAG's concealed co-founder and alleging presale funds were routed through Middle Eastern OTC brokers. BlockDAG alleges on-chain receipts total far below the publicly claimed $433 million.

Blockchain.News / Crypto Times

November 2025

BWT Alpine F1 issues a $1.4 million breach notice to BlockDAG over unpaid sponsorship fees, with a December 3 cure deadline.

DL News

December 2025

Antony Turner is fired as BlockDAG CEO, with Kiziloz citing NDA breaches. Nic Van Den Bergh is appointed new CEO.

DL News

29 December 2025

Gurhan Kiziloz publicly acknowledges his role as BlockDAG founder in a live AMA session.

DL News

15 January 2026

DL News publishes a major investigative report based on 13 insider interviews documenting unpaid employees, undelivered mining hardware, breached sports sponsorship contracts, and discrepancies between claimed and actual fundraise amounts.

DL News

29 March 2026

BDAG token reaches an all-time high of approximately $0.4005 following exchange listings.

CoinGabbar

April 2026

BDAG token collapses approximately 98–99% from its all-time high as presale holders sell at listing.

CoinGabbar

21 May 2026

ZachXBT alleges at least $25 million in BlockDAG and ZKP presale funds were commingled and used to pay influencers promoting Kiziloz's casino venture, Spartans.com.

Yahoo Finance

July 2026

BDAG trades at approximately $0.00003864, representing a decline of approximately 99.99% from its all-time high.

CoinGabbar
Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (4 events). 15 of 19 cited source URLs have an Internet Archive snapshot.

Fact-checked 2026-09-0730 claims checked4 corrections pending0 applied⛓ anchoredSee findings →

model: claude-sonnet-4-6

generated: 8/2/2026, 11:15:53 PM

last updated: 8/26/2026, 11:56:16 AM

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