ZachXBT: $25M BlockDAG and ZKP Presale Funds Allegedly Mixed and Redirected to Influencer Marketing

ZKP-0.13%
According to on-chain analysis by investigator ZachXBT, approximately $25 million in presale funds from two investment projects linked to Gurhan Kiziloz were allegedly commingled and transferred to pay for influencer and streamer promotions, including support for an online gambling platform. ZachXBT noted that BlockDAG Network and ZKP's fundraising materials did not disclose that funds would support other businesses, yet on-chain data shows the funds being aggregated across multiple addresses, transferred via cross-chain bridges to exchanges, and directed to promotion payment addresses. ZachXBT advised investors to avoid BlockDAG, ZKP, and related projects.
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