Crypto sleuth ZachXBT just dropped a bombshell, linking Gurhan Kiziloz, the alleged co-founder of Spartans, to the controversial Blockdag Network that has vacuumed up over $300 million from everyday investors through deceptive social media campaigns promising sky-high returns and fake partnerships.

Lavish Lifestyles Funded by Presale Cash

Kiziloz splurged on luxury cars, prime real estate, high-end watches, and extravagant giveaways while Blockdag dragged its token sale out for more than two years. Investigators reveal the team quietly off-ramped presale funds through Middle Eastern over-the-counter desks, raising red flags about transparency in an industry still reeling from similar rug pulls in late 2025. Paid PR articles flood search results for Kiziloz's name, masking the project's sketchy underbelly and echoing tactics seen in other crypto scams that targeted unsophisticated retail crowds over the past year.

Exposed Secrets and Victim Outcries

Back in October 2025, ZachXBT publicly unmasked Blockdag's leadership as mere puppets, pinpointing Kiziloz as the hidden co-founder. He blocked the investigator before admitting his role amid mounting pressure. Now, at least 10-15 victims have come forward, sharing tales of financial losses and tagging ZachXBT for help. This revelation ties into broader regulatory scrutiny on crypto fundraising, where misleading ads have lured investors into traps, much like the high-profile enforcement actions against deceptive DeFi projects in early 2026.