ZachXBT warns of risks for Spartans: The founder's BlockDAG has reportedly shifted to casino operations
By: rootdata|2026/05/20 04:45:01
0
Share
On-chain detective ZachXBT posted a warning stating that "choosing to gamble on Spartans is itself an IQ test," and questioned the long-term harvesting behavior of the operators behind Spartans. ZachXBT pointed out that Gurhan Kiziloz, a figure related to Spartans, previously operated BlockDAG Network, which has not launched its mainnet or mining products for years, yet still promoted a presale with "300 times returns" and has raised at least $350 million from inexperienced retail investors.
He further stated that BlockDAG has recently shifted to casino operations and suspects that the related casino platform may be used to "legitimize BlockDAG funding sources," including circulating funds by paying high fees to employees and KOLs. Previously, several community members and content creators have also publicly questioned Spartans' marketing model and operational transparency, warning users of potential "rug pull" risks.
You may also like
Duan Yongping establishes a position in a cryptocurrency company for the first time: Why Circle?
The stablecoin company represented by Circle is becoming the bridge that is easiest for traditional capital to understand and accept.
Vitalik: What is the key to the next phase of Ethereum?
"Code is law" — this is one of the earliest beliefs in the blockchain world. But what if the code itself has bugs? What if AI makes bugs ubiquitous? This is the question that Vitalik's latest long article attempts to answer.
Interlace: A global leader in Agentic Payment and stablecoin infrastructure platform, building the next generation of digital financial foundation
Interlace has launched two innovative products, Agent Card and Scan to Pay, bridging traditional finance and the crypto world, and comprehensively accelerating the integration of AI Agent consumption and stablecoin payments into everyday business scenarios with a more secure and efficient enterprise...
Morning Report | Musk's xAI launches Skills; Duan Yongping to first build position in Circle in Q1 2026; Polymarket partners with Nasdaq to launch prediction market
Overview of Important Market Events on May 19
Dialogue with Lead Bank Founder Jackie: American Banks Re-embrace Crypto
Excellent crypto companies are not those that are "best at circumventing regulations," but those that are "best at evolving in collaboration with regulations."
Vitalik: What we need to do is not to fight against AI, but to create a sanctuary
What is truly scarce is not computing power, but people who are willing to think proactively and retain sovereignty.
Morning News | VanEck and Grayscale submitted BNB ETF amendments on the same day; BlackRock discusses investing billions of dollars in SpaceX's IPO; Michael Saylor releases Bitcoin Tracker information again
Overview of Important Market Events on May 17
Crypto ETF Weekly | Last week, the net outflow of Bitcoin spot ETFs in the United States was $995 million; the net outflow of Ethereum spot ETFs in the United States was $255 million
Avenir Group solidifies its position as the largest Bitcoin ETF institutional holder in Asia, ranking first in the region for eight consecutive seasons.
This Week's News Preview | The Federal Reserve Releases the Last FOMC Minutes of the "Powell Era"
Highlights of the week from May 18 to May 24.
Blockchain Capital Partner: Most people's understanding of on-chain economy is narrow
In the author's view, the most astonishing things in the blockchain space have yet to be created. Flash loans give us a glimpse, but this is just the tip of the iceberg.
The ambition of "one account trading global assets": How does CoinUp.io break down asset barriers to become an industry dark horse?
Create a diversified financial ecosystem through collaboration between CEX and public chains.
How long will it take for the GPU futures market when computing power is commoditized?
Will computing power be the next major commodity? Examining the GPU futures market from five dimensions: it is still too early to talk about an explosion; the real breakthrough variable lies within the wave of open-source models and inference demand.
Harvard University loses $150 million in cryptocurrency! Has completely liquidated Ethereum and significantly reduced its Bitcoin ETF positions
In just two quarters, Harvard's public holdings in crypto assets fell from a peak of $443 million to about $117 million.
BNB Chain releases a research report exploring the migration path of BSC to post-quantum cryptography
The report explores the specific performance and implementation path impacts of replacing traditional blockchain cryptography with anti-quantum methods, including the use of ML-DSA-44 as a transaction signature scheme and the use of pqSTARK aggregated verifier consensus signatures.
After the number of developers was halved: Crypto is not dead, it has just handed over talent to AI
The trust, coordination, and verification issues encountered in the scaling of AI will ultimately require the mechanism design capabilities accumulated by the crypto industry to resolve.
"JUST 6th Anniversary x GasFree Super Carnival Month" is here: Enjoy "0" Gas transfer freedom and share a prize pool of 10,000 USDT
The total prize pool for this grand event reaches 10,000 USDT, covering multiple gameplay options such as the GasFree activation challenge, the exclusive prize pool for the pizza festival, the JUST 6th anniversary lucky koi, and knowledge competitions.
Morning News | AEON completes $8 million Pre-Seed round financing led by YZi Labs; Goldman Sachs liquidates XRP and Solana ETF holdings in Q1; Strategy increased its holdings by 24,869 BTC last week
Overview of Important Market Events on May 18
Capital Markets: How will independent agents obtain financing?
Agents are becoming real companies: signing contracts, opening accounts, taking orders, and sharing profits. When ten thousand such companies are operating simultaneously, who will lend to them? How do they obtain financing?
Duan Yongping establishes a position in a cryptocurrency company for the first time: Why Circle?
The stablecoin company represented by Circle is becoming the bridge that is easiest for traditional capital to understand and accept.
Vitalik: What is the key to the next phase of Ethereum?
"Code is law" — this is one of the earliest beliefs in the blockchain world. But what if the code itself has bugs? What if AI makes bugs ubiquitous? This is the question that Vitalik's latest long article attempts to answer.
Interlace: A global leader in Agentic Payment and stablecoin infrastructure platform, building the next generation of digital financial foundation
Interlace has launched two innovative products, Agent Card and Scan to Pay, bridging traditional finance and the crypto world, and comprehensively accelerating the integration of AI Agent consumption and stablecoin payments into everyday business scenarios with a more secure and efficient enterprise...
Morning Report | Musk's xAI launches Skills; Duan Yongping to first build position in Circle in Q1 2026; Polymarket partners with Nasdaq to launch prediction market
Overview of Important Market Events on May 19
Dialogue with Lead Bank Founder Jackie: American Banks Re-embrace Crypto
Excellent crypto companies are not those that are "best at circumventing regulations," but those that are "best at evolving in collaboration with regulations."
Vitalik: What we need to do is not to fight against AI, but to create a sanctuary
What is truly scarce is not computing power, but people who are willing to think proactively and retain sovereignty.
Contents
Popular coins
Latest Crypto News
Read more
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
