BlockDAG sent dozens of "AFTERSALE CLOSES FOREVER" messages on May 7. An admin confirmed: "No sale after May 7th." On May 8, a new Utility Presale launched at $0.0000005 per BDAG — the sixth distinct sales mechanism since 2024. This is promise #65. It was broken within 24 hours.
After the Alpine Racing default and the DL News investigation, BlockDAG's public CEO was removed. His replacement was the Chief Marketing Officer. Community AMAs since have not addressed missing miners, broken staking or delayed listings.
Liza Van Den Berg, BlockDAG's former payroll manager, alleges the presale sold more BDAG than was reserved for the round — a claim that, if accurate, would compound the on-chain shortfall ZachXBT identified.
Promised live February 19, 2026, BlockDAG's staking product has now been listed as "under maintenance" for ten weeks. Holders cannot access deposited funds. Customer support tickets routinely go unanswered.
BlockDAG marketed Day-1 listings on 20 exchanges and DEX availability on launch (March 4). At launch the token appeared on three small CEXs, with no DEX route. Liquidity disclosed at the January 6 investor meeting: $32M.
| Subject | Promised | Reality | Status |
|---|---|---|---|
| Launch price | $0.05000 | $0.0005 (actual launch) | Broken |
| Current price vs promise | $0.05000 | $0.000069 · −99.86% | Broken |
| Market cap at launch | $1,000,000,000 | $4,180,000 | Broken |
| Funds raised | $442,000,000 | <$100M (ZachXBT on-chain) | Disputed |
| Exchange listings on Day 1 | 20 exchanges | 3 small exchanges | Broken |
| DEX listings | Day 1 · Mar 4 | Not available | Broken |
| Miner shipping | Feb–Apr 2026 | Still unshipped | Broken |
| Staking live | Feb 19, 2026 | Under maintenance 92 days | Broken |
| Casino product | Full details by May 7, 2026 | Deadline passed in silence | Broken |
| Super App | Jun 15, 2026 | Not yet built — pending | Pending |
| Mainnet launch | Q1 2026 | Launched Mar 4, 2026 | Kept |
| First claim batch | At launch | Distributed | Kept |
Hidden for over two years, Kiziloz was publicly revealed as the founder after CEO Antony Turner was fired. His previous company Lanistar was liquidated after the FCA issued a consumer warning for unauthorized financial activity in 2020. Linked to Big Eyes, Dogetti and Poorcoin — all of which collapsed shortly after launch.
The public face of BlockDAG throughout the 450-day presale. Fired in December 2025 following the Alpine Racing payment default and the DL News investigation. Later revealed to have been a figurehead while Kiziloz controlled the finances.
Former Chief Marketing Officer, promoted to CEO after Turner's departure. Community members have repeatedly criticized his AMAs for failing to address missing miners, broken staking and delayed exchange listings.
"BDAG will launch at $0.05. There is no scenario where this changes. We have the liquidity, we have the listings."
"Day one we list on 20+ exchanges including all top tier. DEX trading goes live with mainnet."
"Our novel DAG consensus achieves 10,000–15,000 TPS with sub-second finality."