Gurhan Kiziloz: Corporate Structure and Investor Considerations

We spent four months tracking Gurhan Kiziloz across offshore registries, blockchain ledgers, and deleted Telegram messages. What we found is the hidden architect of BlockDAG’s endless $433 million presale, the still-active FCA warning on Lanistar, collapsed meme coins, and a money trail that should alarm every investor, sponsor, and regulator.

Gurhan Kiziloz: The Man Who Operates in the Dark While the Crypto World Watches the Spotlight

We have spent the last four months chasing a ghost across three continents, half a dozen jurisdictions, and hundreds of millions of dollars that vanish the moment they leave retail wallets. His name is Gurhan Kiziloz, and until October 29, 2025, most of the cryptocurrency community had never heard it spoken aloud in the official BlockDAG Telegram group, because any message containing those two words is still automatically deleted and the sender muted until at least July 2026.

That single act of digital censorship is the perfect metaphor for everything that follows.

The ZachXBT Bombshell That Tore the Curtain Away

Everything changed when blockchain investigator ZachXBT published a thread that has now been viewed hundreds of thousands of times. Using leaked offshore incorporation documents, wallet clustering, and screenshots of internal Telegram moderation rules, ZachXBT proved that Gurhan Kiziloz is the beneficial owner of the Seychelles company that registered BlockDAG’s domain and built its early infrastructure. The public CEO, Antony Turner, is a paid front. The $433 million presale figure splashed across the website is inflated by hundreds of millions. And the money that has come in has largely flowed out again to Middle Eastern over-the-counter desks instead of into development wallets.

We took ZachXBT’s evidence as our starting point and spent weeks verifying every claim. The Seychelles company is real. The domain registration is real. The Telegram auto-ban is still active and reproducible today. The on-chain sweeps to Dubai and Istanbul-area OTC addresses are real. Not one substantive piece of counter-evidence has ever been produced by BlockDAG’s team.

Nexus International: The Empire With No Board, No Investors, and No Audited Books

At the center of the storm sits Nexus International, the private holding company that Gurhan Kiziloz founded and still controls with absolute authority. In interviews throughout 2025 he has claimed that Nexus generated $546 million in revenue in the first six months of the year and is targeting $1.45 billion by December. There are no outside shareholders, no board of directors, and no publicly available audited financial statements. Decisions, Kiziloz likes to say, can be made “within minutes.” That freedom has fueled explosive growth across fintech and online gaming, but it has also created an environment where capital flows are almost impossible to trace.

Lanistar and the Warning That Never Went Away

The best-known public face of the Nexus empire is Lanistar, the London fintech startup launched in 2019 with polymorphic virtual cards and a marketing budget that bought endorsements from some of Britain’s biggest influencers. Within a year the UK Financial Conduct Authority issued a public warning stating that Lanistar was carrying out regulated activities without authorization. That warning has never been withdrawn. It remains on the FCA website today, a permanent scar on the company’s reputation and a legal anchor that prevents it from operating as originally promised in the United Kingdom.

MegaPosta and the Brazilian Gaming Gold Rush

While Lanistar struggled under regulatory scrutiny, Kiziloz quietly pivoted south. MegaPosta, the Brazilian-facing online gaming and betting platform, secured a SIGAP license in 2025 and quickly became one of the country’s fastest-growing operators. Public profiles claim it crossed $400 million in annual revenue, fueled by the same aggressive marketing machinery that once powered Lanistar and now powers BlockDAG. The platform operates primarily under remote-gaming licenses from Curaçao and Malta, jurisdictions that impose minimal transparency requirements on beneficial owners or fund flows.

Token House Limited: The Offshore Thread That Connects Everything

Follow the corporate filings far enough and every road leads to the same place: Token House Limited, a Seychelles International Business Company. That is the entity that appears as the sole person with significant control over multiple Kiziloz-linked companies in UK records. It is also the entity that registered BlockDAG’s primary domain in Panama in early 2024. There is no public beneficial-ownership registry in the Seychelles, which makes Token House the perfect veil.

The BlockDAG Presale: Twenty-Two Months and Still Counting

BlockDAG was marketed as a next-generation hybrid Proof-of-Work and DAG blockchain capable of 15,000 transactions per second. It has sponsorship deals with Inter Miami CF, BWT Alpine F1, and several European football clubs. It has sold thousands of physical miners. And it has been in presale for more than twenty-two months, with batch after batch “extended” while the team promises that mainnet is always just a few months away. Independent on-chain analysis shows that the true amount raised is closer to low nine figures than the $433 million triumphantly displayed on the website. Billions of extra tokens have already been distributed through miner sales, threatening immediate dilution the moment any real listing occurs.

A Playbook Perfected Over Years

BlockDAG is not an anomaly. It is the culmination of a model that has been refined across multiple projects:

Big Eyes Coin raised tens of millions in 2022–2023 with charity promises that were never fulfilled, then collapsed almost immediately after launch.

Dogetti, Poorcoin, RoboApe, and several Tamadoge clones followed the exact same pattern: paid influencer campaigns, staged presale rounds, locked-liquidity promises, and then total or near-total loss for retail holders.

The same marketing agencies, the same offshore entities, and the same excuses appear again and again.

Anti-Money-Laundering Red Flags in Plain Sight

From a compliance perspective the network is a constellation of danger signals. Funds move through UK limited companies, Seychelles IBCs, Panamanian domains, Curaçao gaming licenses, and unregulated Middle Eastern OTC desks. There are no vesting schedules for team tokens, no public beneficial-ownership disclosure for the core holding companies, and no independent confirmation that MegaPosta’s high-velocity gaming revenue is not being commingled with cryptocurrency inflows. Prolonged presales and online-betting cashflows create ideal conditions for layering and integration of illicit proceeds.

Reputational Damage That Can No Longer Be Contained

The fallout is already visible across the sporting world. La Liga’s partnership page featuring BlockDAG disappeared within forty-eight hours of the ZachXBT thread. Community backlash forced several clubs to distance themselves. Reddit and X are now filled with detailed timelines, wallet addresses, and victim testimonies that no amount of community management can erase.

Conclusion

After reviewing thousands of pages of corporate records, on-chain transactions, regulatory filings, and investor statements, our conclusion is unequivocal.

Gurhan Kiziloz is not an unlucky entrepreneur who keeps stumbling into controversy. He is the architect of one of the longest-running and most effective retail-extraction operations currently active in cryptocurrency and fintech. BlockDAG is not a legitimate blockchain project; it is the largest and most polished iteration yet of a model that has already destroyed tens of thousands of investors across multiple continents.

Until Kiziloz voluntarily publishes full beneficial ownership of every entity, submits to comprehensive third-party audits of both financial statements and smart contracts, and accounts publicly for every dollar raised in the BlockDAG presale, any further investment, sponsorship, or partnership constitutes reckless exposure.

The blockchain is permanent. The evidence is now indelible. The only question left is how many more millions will flow into the machine before the door is finally slammed shut.

Written by

Rachel

Updated

20 seconds ago