Three years. One pattern.
From the entity registration in 2023 to the casino-deadline silence this week, here is every public commitment, deadline, and default — in order. Each entry is sourced; nothing is paraphrased without attribution.
BlockDAG entity registered (UK)
BlockDAG Network Ltd is registered in the United Kingdom. The public-facing CEO is announced as Antony Turner. The actual founder, Gurhan Kiziloz, will not be revealed for over two years.
Presale launch — "guaranteed $0.05 launch price"
BlockDAG begins its presale at $0.001 per BDAG. Marketing repeatedly promises a guaranteed launch price of $0.05 — a 50× return on the earliest entry — and a $1B day-one market cap. Multiple Telegram pinned posts state there is "no scenario" where this price changes.
Times Square billboard activates
BlockDAG promotes a "permanent" Times Square presence. Records show a 24-hour rental. The image is reused for over a year as if it were a fixed installation.
"Day-one listing on 20 exchanges" promise
In a marketing post on X (since deleted), BlockDAG commits to "day one" listings on 20+ exchanges including all top-tier venues and DEX availability with mainnet. The post is pinned across Telegram channels for months.
Borussia Dortmund partnership announced
BlockDAG announces a multi-year shirt-sleeve partnership with Borussia Dortmund worth €2,007,444 per season. Six months later the club issues a public default notice for unpaid fees.
Inter Milan partnership announced
BlockDAG signs a regional sponsorship agreement with Inter Milan. By August Inter will issue a cease & desist for material breach.
Inter Milan files material breach
Inter Milan files a notice of material breach over unpaid sponsorship invoices. BlockDAG marketing channels do not acknowledge it.
Inter Milan: cease & desist
Inter Milan serves a formal cease & desist demanding BlockDAG stop using club imagery and marks. BlockDAG removes some assets quietly; some marketing pages remain live for weeks.
Borussia Dortmund — public default
Dortmund publicly confirms BlockDAG has defaulted on its €2,007,444 obligation. The story is picked up by German tabloid press. BlockDAG management denies the default for 48 hours, then goes silent.
Alpine Racing F1 partnership announced
BlockDAG announces a $1.4M sponsorship with Alpine Racing F1, including livery and trackside placement. The first invoice is due in October.
DL News investigation published
DL News publishes an investigation alleging BlockDAG's $442M raise figure is not supported by on-chain data. ZachXBT contributes wallet analysis showing less than $100M ever moved on-chain.
X1 miner shipping deadline missed (first slip)
First publicly committed shipping window for the X1 home miner expires. BlockDAG quietly slides the date to "Feb–Apr 2026" on the roadmap. Customer support tickets begin going unanswered.
Alpine F1 payment defaults
BlockDAG misses the $1.4M Alpine Racing payment deadline. Internal employees later confirm December salaries (~24 staff, $140K+) are also unpaid that month.
Antony Turner fired; Kiziloz revealed
Following the DL News report and the Alpine default, BlockDAG terminates CEO Antony Turner. Multiple outlets simultaneously identify Gurhan Kiziloz as the project's actual founder. Kiziloz's previous company Lanistar was liquidated after a 2020 FCA consumer warning.
Nic Van Den Bergh appointed CEO
Former Chief Marketing Officer Nic Van Den Bergh is appointed CEO. The promotion is announced via Telegram, not a press release. Subsequent AMAs do not address miners, staking, or listings.
Investor meeting — $32M liquidity disclosed
At a private investor meeting, leadership says only $32M has been earmarked for post-launch liquidity. The CEO walks back the $442M raise figure to "closer to $200M." Audio of the meeting later leaks.
Staking goes "under maintenance"
BlockDAG announces staking is live, then immediately marks it "under maintenance." Holders cannot deposit, withdraw, or earn the promised 25% APR. As of May 26, 2026 the system has been down for 117 days.
Mainnet launches — at 1% of promised price
Mainnet launches as scheduled. The opening trade prints at $0.0005 — a 99% discount to the promised $0.05. Day-one listings appear on 3 small CEXs; no DEX route is available. Liquidity matches the $32M disclosure.
Liza Van Den Berg comes forward
Former payroll manager Liza Van Den Berg publicly alleges that the presale was "oversold by over 100%" — meaning more BDAG was sold than was reserved for the round. Combined with ZachXBT's findings, this points to a structural shortfall in supply, not just funds.
$110M trail to Binance & BTSE
On-chain analysis shows ~$110M routed through Middle East OTC desks into Binance and BTSE accounts in the months before launch. The destination accounts are not disclosed in any BlockDAG report.
Whitepaper plagiarism documented
A side-by-side review shows BlockDAG's technical whitepaper reproduces formulas, diagrams, and structural language from Kaspa. Key passages match line-by-line.
Casino "LIVE" then "7 days" — 27 minutes apart
At 18:10 UTC the official channel posts "BlockDAG Casino is officially LIVE." At 18:37 UTC the same admin replies: "Casino will go live in 7 days." 27 minutes apart. No URL provided. No community member accessed a working casino.
"No sale after May 7" broken in <24 hours
Utility Presale launches at $0.0000005 per BDAG with "160X potential — 7 days only." Sixth distinct sales mechanism since 2024. Price drops to $0.00000039 within days, ROI claim rebrands to "320X."
@blockdagnetwork disables all X replies
BlockDAG disables replies on every post on its verified X account. No community member can publicly respond. The same week, our CoinMarketCap account is banned after posting documented facts (reinstated on appeal).
$213M Tether freeze on Kiziloz
A Brazilian court orders Tether to freeze $213M in USDT across 48 wallets linked to Gurhan Kiziloz, BlockDAG's hidden founder. Alleged unpaid gambling taxes and unregistered crypto sales targeting Brazilian users 2021 to 2024. Same week as the BDAG Sparks launch.
BDAG Sparks launches — 460,000 minimum withdrawal
Spin-wheel "casino" goes live at bdagsparks.com. Minimum withdrawal: 460,000 Sparks. Small winners cannot cash out unless they buy significantly more Sparks. Substitute for the unlaunched full casino.
Casino postponed a third time
"Final integrations nearly finalised, launching tomorrow." Tomorrow does not arrive. Third missed casino launch in nine days. BDAG price drops 15% to $0.000081.
x10swap revealed as a paid lottery
Marketed as a 10x token swap at $0.00097/BDAG. Users pay $40 per attempt. Most entries are not approved. Fees are not refunded. The 10x rate is funded by the rejected entry fees of other users. One user reports $140 spent, no money back.
$0.0000003 sale + 250,000 coin buyback cap
BlockDAG sells new BDAG at $0.0000003 — 99.9994% below the $0.05 promise — and markets a $0.001 buyback as "300X ROI." On AMA, CEO confirms the buyback is capped at 250,000 coins per user. Maximum recovery: $250. Cap not in marketing. The 300X claim is also mathematically wrong (actual ratio: 3,333x).
Miner sales stopped · Batch 1 claims retracted
Admin at 11:01 UTC: "The sale of miners has been stopped for now, you might be able to purchase them from third party websites later." Same day, 07:21 UTC: "Batch 1 is no longer available to be claimed. Why didn't you claim it till now?" Existing paid coin entitlements cancelled retroactively.
BlockDAG blocks BlockDAG Exposed on X
The verified @blockdagnetwork account (94,800 followers) blocks @blockdagmonitor on X. Block follows our publication of the $0.0000003 sale, the 250,000 coin buyback cap, the miner sales stop, and the Batch 1 retraction. Same pattern as the 2025 ZachXBT block.
BDAG Sparks closed · Casino deposits not crediting · "no information on compression rates"
BDAG Sparks closed six days after launch ("BDAG SWAP & SPARKS CLOSED" 15:43 UTC). Casino deposits not crediting — multiple users report missing BDAG (Santiago: 1,250 BDAG, Analiz Radar: 10,000 BDAG). Admin admits compression rate is undisclosed: "There's no information on compression rates" (18:14 UTC). Aftersale price drops to $0.00000025.
1B BDAG "burn" announced · Batch 5 compression = 99.92% · x10swap admitted not a swap
BlockDAG announces "1B BDAG LIVE BURN" sent to Ethereum dead address 0x0...0 on its non-Ethereum chain (ID 1404). CMC circulating supply rose 54.24B → 55.78B in 48h (+1.54B net). João Veríssimo posts Batch 5 receipt: 368,792,138 BDAG paid, 300,000 claimable (99.92% compression). Admin reframes x10swap as "event-based USDT rewards, not a fixed-price buyback program." Exchange deposits indefinitely deferred.
BTSE suspends BDAG trading · $25M Liquidity Wallets marketing · Sparks reopens
Community confirms BTSE has suspended BDAG trading. Admin: "Only the exchange admin can explain the reason." No remediation. New marketing: "$25M LIVE LIQUIDITY WALLETS PUBLIC — BDAG $0.00000019 | 400X ROI" (real math: 5,263x). Five new June 1 promises layered on a single date: Buybacks, Stable Coin, Daily Burns, Liquidity Expansion, New Token Launches. Sparks marketing resumes three days after the May 20 closure.
MEXC cancels scheduled BDAG listing before launch · Vesting contract added AFTER Batch 5
Multiple community confirmations that MEXC cancelled the scheduled BDAG listing before it went live. Matt David: "I saw it on there with a listing date then it was suspended then never happened." BlockDAG admin gives no public reply. Same day, admin announces: "After the previous claim, which was Batch 5, the vesting contract will be implemented." New restriction applied AFTER purchase. Sparks "chest" loot-box mechanic launched. Trader: "This group has already lost over 5,000 members."
BlockDAG TURBO presale launched — 7th distinct sales mechanism in 14 months
At 19:51 UTC, official channel: "BlockDAG TURBO PRESALE STAGE 1 LIVE: ENTRY $0.0005 - LAUNCH PRICE $0.04 | 80X ROI. ONLY 10 STAGES." No tokenomics, total supply, vesting, contract address or whitepaper published at launch. Same day, same admin: "BDAG is launched and trading on exchanges" (17:15 UTC) and "Tier 1 exchanges is yet to be announced and team are still in discussions with MEXC team" (22:20 UTC). Stablecoin "not officially confirmed yet" 6 days before announced launch (19:31 UTC).
"Final Batch 6" launched with a $10,000 USDT prize draw + TURBO put on a slot machine
Official channel 13:29 UTC: "FINAL BATCH 6: BUY BDAG NOW & WIN $10,000 USDT. $0.00000019. 400X POTENTIAL. Become one of the FIRST 500 HOLDERS for a chance to win." TURBO (launched May 25) put on the Sparks gambling reel within 24h: "multiply 2X, 10X, 50X, 100X." A 5% referral commission added May 27. Admin also disclosed presale coins are locked until June 30 unless the buyer used a promo code like TRADEMAY30 — a lock never stated at purchase. Stablecoin messaging contradicts itself: "OFFICIAL BDAG STABLE COIN" vs "the team is not creating a new token."
BlockDAG defines its own "ecosystem": four of six pillars are gambling + ZachXBT denial
Official channel May 29 09:00 UTC: the "ecosystem" is "BDAG, TURBO, Casino & Gaming, Buyback, Sparks, Stablecoin." Four of six are gambling products. Admin flatly denied ZachXBT's on-chain fund-tracing to the Spartans casino: "we are not related to other projects" — no transaction references given. TURBO admitted to have "no timeline" and "no roadmap" three days into sales.
BlockDAG drops the price to a new low hours before its biggest deadline ever
On May 31 at 15:55 UTC, BlockDAG dropped its Aftersale to $0.00000012 with a "FINAL 24 HOURS" / "500X ROI" campaign (real math: 8,333x). The price fell 60% in 13 days into the supposed buyback floor. By June 1 morning the presale was still selling.
The buyback is a registration form. You have to buy more to register.
At 18:49 UTC June 1, BlockDAG announced not a buyback but a 48-hour registration window: "BUY NOW & REGISTER." Holders must purchase more BDAG to qualify. Headline price jumped from $0.001 to $0.01 (in BDUSD, the project's own untested "Beta" stablecoin). Exchange buyers (LBank, BitMart, Coinstore, BTSE, Poloniex) excluded.
"You cannot sell as of now" — buyback price starts halving
Three days on, holders still cannot sell. The buyback price is moving phase by phase ($0.02 expired, $0.01, $0.005 next), the opposite of a fixed floor. Selling deferred to June 30. Community consensus: the payout is in BDUSD, not USDT.
The buyback price is cut 40x and the payout is now October
On June 3 at 21:03 UTC, BlockDAG launched a "Legacy Sale" and rewrote the buyback. Holders who registered at $0.01 found their dashboard changed to $0.00025, a 40x cut. New Legacy Sale buyers (at $0.00000044) get the better $0.001 tier; existing holders get 4x less. Payout deferred to October 1, 2026. To participate you must send your already-claimed BDAG to a buyback wallet and wait four months. Admin: "Buyback prices are with a special limited time offer. It is not a fixed price." 9 sales mechanisms since 2024.
The buyback only buys back coins you buy today, and the Legacy price doubled overnight
On June 5 the mechanism became clear: to access the buyback a holder must purchase at least 10% of their prior balance in NEW BDAG, and only those new coins are eligible to sell back. Original presale holdings do not qualify. Crypto Rich: "I bought presale tokens 2 years ago. I purchased 107m BDAG yesterday to make me eligible, then the 107m I purchased was eligible to be sold right away." Dozens who paid for the buyback report a dashboard balance of zero. The Legacy Sale entry price doubled overnight from $0.00000044 to $0.00000088 and was re-marketed as a "56X ROI." The qualifying date has now moved three times, voiding earlier purchases.
BlockDAG's buyback wallets hold $68M on chain, but with no contract and no payouts
On June 6 the official channel celebrated a milestone: "over 1 billion coins already sold in the buyback program." That figure counts new Legacy Sale purchases at $0.00000088, not payouts, and no holder has documented receiving money. On the funding, community member SilentAlfa traced the buyback wallets on TronScan and totalled roughly $68M across four addresses, correcting an earlier estimate (since fixed here) that they held only a few thousand dollars. So the money is real. But as SilentAlfa flagged: "this does not guarantee anything since there is no smart contract and the control is centralized by the team and they have the keys. Why are they not paying now?" The $68M sits in ordinary team-controlled wallets that can be moved at any time, payout is deferred to October, and not one holder has documented a payout. The question shifts from whether they can pay to why they are not.
Holders cannot claim their coins, "transaction failed" across batches
On June 9 claiming fails for holders across batches one through six, returning "Transaction likely to revert" and "Transaction failed." In two days the group carried roughly 41 distinct failure reports against a handful of confirmed successes. It is a regression: Jordan Romero claimed successfully on the 6th but cannot now. The error screen tells ordinary investors to "Run node scripts/test-relayer-claim.js with a single address to debug," a developer instruction surfaced to retail users. The same failure was posted by an account that had spent the previous day defending the project and calling critics liars: "The problem persists in the claim for Batch 3." BlockDAG blames wallet cache and RPC setup, but a wallet that claimed days earlier failing now points at the contract side, not the browser.
Advertised "$0.03" buyback, but holders report the dashboard pays ~$0.00015
On June 10 the official channel ran another "FINAL 24 HOURS" sale headlined "BUY $0.00000044, SELL $0.03." But holders report the dashboard pays nothing near $0.03. İbrahim: "Buybacks are not being made at 0.30-0.01, but at 0.00015 per unit." A holder noted 320M tokens showing only $50k at the supposed $0.03, which implies about $0.00015, roughly 200x below the headline. Meanwhile community members report the committed buyback volume has now passed the project's own published ~$68.5M liquidity. Darren Frost: "The value of the buy back liquidity wallets 1 to 4 has been exceeded by the buyback volume committed by investors. What is the plan?" Two caveats in fairness: those liquidity-versus-obligation figures are community calculations, not an official disclosure, and one member argues the four wallets are old exchange-liquidity wallets, not dedicated buyback funds.
The buyback headline jumps to $0.05, but the dashboard still pays a fraction, and a sale paid nothing
On June 11 the advertised sell price climbed again, from $0.03 to $0.05, with an official FAQ now stating the payout is "USDT, Single USDT Payment," offer "ending Monday 6PM UTC." The dashboard gap only widened. Steven Boswell: "I have 283.8 million to sell back but will only get 56.77k? That should be 11.3m" (effective price near $0.0002). Thomas: "I bought 130m coins and sold for 0.04 but said 32k usdt." More seriously, a holder reported a sale that took the coins and paid nothing: "I received the confirmation. It didn't arrive at its destination. It didn't generate a hash and was deducted from my balance." The price ladder is now $0.001 through $0.05, climbing while the effective dashboard price stays near zero. Kurt: "the buyback price keeps increasing, where's that money coming from?"
A BlockDAG presale deposit address is flagged "Phish / Hack" on Etherscan
An external red flag surfaced on chain. An Ethereum address that BlockDAG's own website served as a presale ETH deposit address (documented by an independent on-chain investigation in November 2025) now carries a "Phish / Hack" label and a phishing warning on Etherscan: "reports that this address was used in a Phishing scam. Reported by MetaMask." Etherscan tags it "Blockdag Presale," and the wallet is nearly empty. We are careful: MetaMask's exact reason is not public and we do not assert the team ran a phishing scam. What is verifiable, by anyone, is that a wallet the project used to collect presale funds is flagged a phishing or scam address by a major wallet provider. Separately, community members decoded the buyback "compression" (about 0.5% of eligible BDAG times the headline price), and staking went down again.
The network went dark for days during the buyback deadline, then "5,000 TPS"
From roughly June 13 to 15 the BlockDAG network was offline. Admins confirmed it: "RPC is down until Tuesday, the BDAG network is down at the moment." Holders could not claim, transfer or sell, while the official channel kept posting "BUY at $0.00000044, SELL at $0.05, FINAL 72 HOURS." Maximilian Hänel: "the rpc will be finished on Tuesday but the offer is ending on Monday. That's not great." Andy: "the bdag network is down, worryingly with zero comms." Some reported claimed coins vanishing from wallets. On June 15 the project announced "CHAIN UPGRADE COMPLETE: 5,000 TPS LIVE," a high-throughput boast from a chain that had just spent roughly two days completely unreachable. 126 promises tracked, 119 broken (94.4%). Staking broken 117 days.
The "$0.05 FINAL" sell price became "$0.10," and the explorer went down
A deadline marketed as "FINAL" at $0.05 did not close. Within a day the official channel reopened it at $0.10: "24 HOURS ONLY: BUY AT $0.00000044 • SELL AT $0.10 • TEST THE NEW 5,000 TPS LIVE NOW," then "FINAL 48 HOURS: $0.10 SELL OPTION CLOSING." RCSoeiro: "before it was one price reduction after another; now it's one sell price increase after another." Doubling the headline changes little: the dashboard still compresses payout to roughly 0.5%. Tim Mc tested it, 120M BDAG returned a dashboard value of $60.10K, exactly 0.5% of the $0.10 headline. Meanwhile admins confirmed the block explorer for the new "5,000 TPS" chain was down: "I just checked and confirmed that it's not working... the team will fix the explorer asap," so holders could not verify their own transfers. Holders also reported the buy price calculated at $0.000088 rather than the advertised $0.00000044, which an admin called "a technical glitch." 125 promises tracked, 118 broken (94.4%). Staking broken 118 days.
The "FINAL 48 HOURS" countdown does not count down, and an admin calls it "marketing"
The exact "FINAL 48 HOURS: $0.10 SELL OPTION CLOSING" post ran on June 17 at 04:37 UTC and again on June 18 at 00:29 UTC, word for word, a full day later, still "48 hours." Holders noticed the dashboard clock simply moved forward. Hercules M: "Final 48 hours should be till June 18 today, but on dashboard it says 20th of June." Thomas Peterfaj: "FINAL 24 HOURS, FINAL 48 HOURS, FINAL 72 HOURS, FINAL FINAL FINAL." Asked about the push, an admin said the quiet part out loud: "Marketing was good today, we are trying to build something sustainable." Meanwhile claiming, support and the explorer all stayed broken: admins advised holders to "keep trying until you successfully claim your coins," called it an "rcp glitch," and noted the "website link to support is currently down." The price changes, the countdown resets, and the things that would let you exit do not work. 125 promises tracked, 118 broken (94.4%). Staking broken 119 days.
The "$0.10 FINAL" sell price vanished before its deadline, replaced by a $0.0005 sale
For days the official channel pushed "SELL AT $0.10, FINAL 48 HOURS," with a countdown holders were shown ending June 20. On June 19, a day early, the offer was gone, replaced by a new "Ultimate Sale": "BUY AT $0.000024. SELL AT $0.0005 = 21X ROI! IT'S THAT SIMPLE" (02:30 UTC). The advertised sell price fell from $0.10 to $0.0005 overnight, a 200x cut. S P: "this morning buy at 0.00000044 and sell at 0.10 until 06-20-26. Now I get home and the price change. Now buying at 0.000024 and selling at 0.0005." Holders who already sold into the $0.10 buyback were left unsure they will be paid, because the pinned message now references only the Ultimate Sale (Mr Gred: "is it mandatory to purchase the Ultimate Sale?"). Bundled in: a Super App "launch August 20th," miner deliveries "within the next 20 days," and a Turbo exchange listing "October 1st." 126 promises tracked, 119 broken (94.4%). Staking broken 120 days.
Three different sell prices in 72 hours, and the "total invested" figure removed from the dashboard
Between June 20 and 22 the official channel advertised at least three contradictory buyback "sell" prices, sometimes the same day: "SELL AT $0.02" (buy $0.00000021), "SELL $0.01, 30X ROI" (buy $0.00000044), and "SELL AT $0.0005" (buy $0.000024). Holders could not tell which applied. The real payout stayed a fraction regardless: Ghost Buster sold 100M BDAG "for 0.01" and the dashboard credited $1,320, about 0.13%. In the middle of it, BlockDAG removed the "total invested" figure from the dashboard. An admin confirmed it: "the removal of certain dashboard information... the visibility of the total sales amount in the dashboard have been noted." Holders watched transactions and miner purchases vanish from their own history. İbrahim called it "a deliberate tactic, designed to create confusion and then buy back at the lowest possible price." The TPS claim rose to "5,500 TPS LIVE," and the "August 20" Super App was already described as "postponed." 127 promises tracked, 120 broken (94.5%). Staking broken 123 days.
The team admits it "cannot verify or guarantee" its own dashboard
The "LIVE SWAP, BUY $0.00000044, SELL $0.01, 30X ROI" promo kept running, and an admin quietly undercut the dashboard it points holders to. Asked about the compressed payouts, the admin said the team "has emphasized a simpler structure with no compression," then added: "we are not in a position to independently verify or guarantee individual dashboard calculations." So the page BlockDAG calls "the official source of record" is one the team will not stand behind. The effective rate also varies wildly between holders: dashboard receipts show $0.00025, $0.00005 and $0.0000092 per coin for the same "Buyback Legacy SOLD," none matching the advertised price. Separately, an admin said the original $0.05 price now has "no specific dates," and Batch 6 claims were still "not confirmed." 127 promises tracked, 120 broken (94.5%). Staking broken 124 days.
The buyback becomes a "World Cup Bonus," still no figure on what has been paid
The official channel launched a "24H ONLY WORLD CUP BONUS: 50% EXTRA BDAG + 45X ROI, BUY AT $0.00000044, SELL FOR $0.01," urging holders to enter a country code for bonus coins and a themed dashboard. Strip the football and it is the same compressed buyback with more issuance and a bigger ROI number. One member: "you should change $0.00000044 to $0.00000022 and then discount football 50%." Asked the one question that matters, how much of the buyback has actually been paid, an admin said only that the team is "compiling and reviewing the relevant data" and would provide "amounts completed and remaining" shortly, still no figure after weeks. "Batch 7 claims start tomorrow" slipped again, and miner deliveries reset once more to "within the next 20 days." 127 promises tracked, 120 broken (94.5%). Staking broken 125 days.
BlockDAG says it will launch a ChatGPT and Claude rival in 48 hours
The official channel led a "FIVE MAJOR UPDATES" post with its least credible claim yet: "BlockDAG Launching ChatGPT & Claude Competitor LLM Mode in 48H... a Large Language Model designed to compete with the biggest names in AI." A project that has not shipped a miner, fixed its explorer, enabled a staking withdrawal or documented one buyback payout claimed a frontier-AI launch in two days, bundled with a sale. By the afternoon an admin walked it back: "doesn't mean BlockDAG is suddenly trying to replace ChatGPT or Claude overnight... maybe simply another ecosystem feature." Himayoon N: "They couldn't compete in the crypto world, I wonder what competition they expect with Claude and ChatGPT." The same post extended the "24 HOURS ONLY" World Cup sale, said "Batch 7 claims start tomorrow" again, and posted miner "factory photos" holders questioned as not matching the advertised hardware. 128 promises tracked, 121 broken (94.5%). Staking broken 126 days.
No LLM, and the miners move from "factory photos" to "customs clearance"
A day after the "48 hours" AI announcement, there was still no LLM, just the same post reposted through June 25. The miner story, meanwhile, shifted again: on June 25 it was "official factory assembly photos," and on June 26 it became "Miners are on the way. They're currently in customs clearance." Assembly one day, customs the next, shipping still undated, and holders noting they were promised delivery as far back as October 2025. The buyback was repackaged once more as "BATCH 7 CLOSING IN 24H + PRICE INCREASING," beside the same "World Cup Bonus, 50% extra BDAG, sell $0.01." A holder, Vikram, described the loop: "Miners are in hands of delivery boys... and then there's one more promo begins, and this happens again and again." 128 promises tracked, 121 broken (94.5%). Staking broken 127 days.
The sell price loops back to "$0.05, closing forever," and the network is down again
The "sell" price completed a full loop. After running through $0.10, $0.0005, $0.02 and $0.01, the buyback headline returned to "$0.05," now wrapped in "LESS THAN 72H: $0.05 BUYBACKS AND SWAP END FOREVER on Monday" (Monday is June 29). The "24 HOUR COUNTDOWN" posted June 28 was still a "24 HOUR COUNTDOWN" on June 29. And exactly as in mid-June, the network gave out during the closing deadline: admins confirmed "RPC is down, the team is working on updates," for days, with holders unable to claim or sell and balances vanishing (Jordan J. Jones: "My coins disappeared from my wallet, only blockdag miraculously vanished"). The $0.05 headline still paid a sliver, Cini18: "when I sell 50Mio for $0.05 I'll only get $458," about 0.018%. And the June 25 "48 hour" ChatGPT and Claude rival never appeared, and was never mentioned again. 128 promises tracked, 121 broken (94.5%). Staking broken 130 days.
"$0.05 closes forever Monday" arrives, and is extended another 48 hours while the promised June 30 listing never comes
The "$0.05 buyback closes FOREVER on Monday" deadline was Monday, June 29. It came and went without closing anything. The next day, Tuesday June 30, the official channel posted "BlockDAG LLM MODEL LAUNCHING & 48H $0.05 BUYBACK EXTENSION ALERT" at 01:37 and re-posted it at 06:50, 06:59 and 09:56, resetting the same buyback into yet another 48 hour countdown, the sixth framing of one offer in two weeks ($0.10 → $0.0005 → $0.02 → $0.01 → $0.05 "forever" → $0.05 "extended"). The same ad revived the June 25 AI "LLM" that never shipped, now "ALMOST HERE" and in its "final stage of preparation," and announced "Direct Swap CLOSED." June 30 was also the date holders had been told BDAG would list at $0.05: no listing, no TGE, no exchange deposits ("The TGE is not happening today," Paul). The RPC and staking stayed down for 72+ hours, balances showing zero, and on P2B, BDAG withdrawals were "still suspended after a week." 129 promises tracked, 122 broken (94.6%). Staking broken 131 days.
BlockDAG says its AI is "now live" and added $500M to its valuation, and twelve minutes later says the AI is "almost here"
At 00:13 UTC the official channel led with "BDAG AI IS NOW LIVE" and "our valuation has increased by $500M USD." At 00:25, twelve minutes later, the same channel re-posted the older ad still calling the AI "ALMOST HERE" and "entering its final stage of preparation." Live and not-live in the same hour. The "AI" is a chatbot at bdagai.io, and asked about BDAG it returns a warning, not a pitch: "a micro-cap token with extreme price volatility, an uncapped supply structure, and limited liquidity," "not yet listed on major Tier-1 platforms," with "a massive spread." The $500M valuation is self-proclaimed and the market moved the other way (holders noted the CoinMarketCap price falling over 24h and 1 week). William Griggs: "if the valuation had truly increased by $500M the price would be roughly $0.005, not the $0.00004 it is." The same post inflated TPS from 5,000 to "7,000," reframed the buyback as "FINAL 24 HOURS, ends tomorrow" (a seventh version), and promised BlockDAG's own "Futures & Spot Exchange" in two weeks, all while the RPC and staking stayed down "for weeks" so holders still could not claim (Raja Dundi: "Unable to claim latest Batch 5 claim, RPC error") or sell. 130 promises tracked, 123 broken (94.6%). Staking broken 132 days.
BlockDAG "celebrates" a $500M valuation on a $3M market cap, cuts the "final" $0.05 buyback to $0.03, and returns a 504 on every transaction
A "milestone celebration" recycled the unproven claims ("BDAG AI is LIVE," "+$500M Valuation Increase," "Fully Regulated Crypto Exchange & App Announced") and made the deal worse. Holders pointed out the real market cap is about $3M (Albert: "why is the 500M not reflecting on the price? There's only 3M MC"), so a "+$500M valuation" is a number typed into a banner. The buyback "sell" price that was "$0.05 FINAL, ends tomorrow" on July 1 became $0.03 on July 2, an eighth reframing of one offer ($0.10 → $0.0005 → $0.02 → $0.01 → $0.05 → $0.05 → $0.05 → $0.03), while the BUY price rose from $0.00000044 to $0.00000066 and the "World Cup bonus" doubled to "100% EXTRA BDAG." The advertised $0.03 still pays a sliver (Albert: "the buyback is only paying just under 0.0001"). And none of it worked: every transaction returned a 504 (a holder's screen: "Relayer nonce failed: 500, 504 Gateway Timeout, rpc.bdagscan.com, code=SERVER_ERROR"), with staking, the custom network and X1 Miner login all "under maintenance." 131 promises tracked, 124 broken (94.7%). Staking broken 133 days.
"Sell within 24 hours." Their own email admits the USDT buyback pays out on September 1, and their own promoted press says the real rate is $0.00025
A July 5 email from noreply@blockdag.network says the quiet part in writing: "Code EARLY expires very soon. No extensions. Once it's gone, it's gone for good... USDT Buyback fast-tracked to September 1 (instead of Oct 1)... Target buyback price: $0.03." After three weeks of "sell now" countdowns ($0.05 "closes FOREVER" June 29 → "extended 48H" → "FINAL 24H" → $0.03), the payout turns out to be two months away, and was scheduled for October before that. The homepage runs both messages side by side: "24H Left for $0.03 Buyback" next to "USE CODE EARLY TO RECEIVE YOUR USDT BUYBACK ON SEPTEMBER 1ST." BlockDAG's own promoted press (TechBullion) puts the actual structure at "$0.001 redemption" for new buyers and "a guaranteed payout of $0.00025 per token" for existing holders, 1/120th of the banner, paid October 1 with a 250M/day cap. Banner: $0.03. Fine print: $0.00025. Dashboard (July 2): ~$0.0001. The homepage also still says 5,000 TPS, quietly dropping July 1's "7,000." Sourcing note: our Telegram archive account (452,000+ messages) was removed from the official group in early July; coverage now runs on BlockDAG's own emails, website, Medium and press placements. 132 promises tracked, 125 broken (94.7%). Staking broken 137 days.
Today — the promised "exchange" turns out to be a sign-up form with a "$1,000 credit" for a platform that has not launched, and the "no extensions" code is extended the next day
After "Futures & Spot Exchange in 2 weeks" (July 1) and "Fully Regulated Crypto Exchange & App Announced" (July 2), "BlockDAG X" arrived as a pre-registration page at BlockDAGX.io with a 14-day countdown and nothing to trade. The hook: "Early participants are positioned to receive $1,000 in trading credit once the exchange activates", credit, not cash, usable only inside a platform that has not launched. The rollout also split the buyback into a two-speed queue: code EARLY "unlocks Priority Buyback Access and shifts payout timing to September 1 instead of October 1", so last week's September payout is a promo-code perk and everyone else is October. The "no extensions" pledge lasted a day, July 5: "Code EARLY... No extensions. Once it's gone, it's gone for good"; July 6: "FINAL 24H For Code EARLY." The July 6 email even instructs recipients: "STILL OVERTHINKING? DON'T. You've watched BlockDAG deliver milestone after milestone." Meanwhile the buyback is quoted from $0.001 to $0.10 with settlement in September, October and November (none audited), the valuation jumped from "+$500M" to "close to $1B" on a ~$3M market cap, and the homepage is back to 5,000 TPS. 133 promises tracked, 126 broken (94.7%). Staking broken 138 days.