On-chain investigator ZachXBT alleges that BlockDAG Network and ZKP presale funds, totaling at least $25 million, were commingled and rerouted for influencer promotions and gambling-related marketing. This development highlights ongoing risks within the crypto presale and influencer marketing space, particularly concerning transparency and investor protection. The alleged misuse of funds underscores the need for extreme caution in early-stage crypto investments. Investors should monitor regulatory responses to such allegations and the broader impact on trust in new projects.
This incident reveals systemic vulnerabilities in the unregulated presale market, where investor protection is often minimal. It reinforces the market's current preference for established, transparent assets over speculative, early-stage projects, likely driving capital toward blue-chip crypto.
On-chain investigator ZachXBT says at least about $25 million in presale funds tied to BlockDAG Network and ZKP appear to have been mixed together and routed toward influencer promotions and gambling-related marketing linked to Gurhan Kiziloz. ZachXBT has accused the…