Inside BlockDAG’s $442m crypto maze of missing miners, unpaid employees, and breached contracts – DL News
Exclusive Investigation:
- BlockDAG solicited investment from thousands of investors to fund its operations.
- Its website claims to have raised $442 million, but its CEO says it’s only raised about $200 million.
- Founder Gurhan Kiziloz previously spearheaded controversial fintech Lanistar.
Adam wants to know what happened to his money.
The 47-year-old restaurateur based in Australia is one of thousands of investors who backed BlockDAG, a crypto project pitched as an ultra-fast layer 1 blockchain secured by mining machines.
Over 22 transactions between April 2024 and May 2025, reviewed by DL News, Adam — not his real name — sank nearly $25,000 into the project. He was granted anonymity to speak candidly about his experience.
Adam says he was…
