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Blockdag Founder Shifts $350M Project to Gambling Platform Spartans, ZachXBT Flags Potential Money Laundering on May 19

GateNews

Enforcement Actions Security Incidents

2026-05-19 06:49:40

According to on-chain detective ZachXBT on May 19, Gurhan Kiziloz, the figure behind the stalled Blockdag Network project, has shifted focus to a crypto gambling project called Spartans while still claiming presales offer 300x returns. ZachXBT disclosed that Kiziloz has extracted at least $350 million from retail investors to purchase vehicles, watches, and real estate.

ZachXBT speculates the gambling project may be used to launder Blockdag funds, potentially through inflated salaries to employees and key opinion leaders.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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