Crypto sleuth, ZachXBT, sounded the alarm on BlockDAG, tagging it a “fake project.”
The post Crypto sleuth, ZachXBT, sounded the alarm on BlockDAG, tagging it a “fake project.” appeared on BitcoinEthereumNews.com.
BlockDAG, a cryptocurrency project that claims to combine blockchain and Directed Acyclic Graph (DAG) technology, is under fire because of its extended presale. According to famous crypto sleuth ZachXBT, the presale has lasted over 1.5 years while raising significant funds—ranging from $214 million to $376 million, depending on which source you believe. I hope your team realizes that BlockDAG Network is a fake project / investment scam that has held a presale for 1.5+ years that’s supposedly ending “soon” while regularly transferring investor funds to various exchange accounts and marketing fake numbers to increase retail fomo. pic.twitter.com/VpupqmkLsY — ZachXBT (@zachxbt) August 18, 2025 ZachXBT slams BlockDAG for prolonged presale Concerns about BlockDAG’s legitimacy have been raised by quite a number of analysts, and Zach claims many community members have been tagging him to get him to investigate the project. Zach claimed this was why he was finally speaking up after all this time, because BlockDAG has had a lot of time to do damage. “I hope your team realizes that BlockDAG Network is a fake project/investment scam that has held a presale for 1.5+ years that’s supposedly ending ‘soon’ while regularly transferring investor funds to various exchange accounts and marketing fake numbers to increase retail fomo,” he wrote. The post was a response to a May 13 tweet from LBank. The tweet revealed the exchange’s plans to list BlockDAG’s token (BDAG), but it did not specify when it would happen — a vagueness that has become a unflattering characteristic of the project. Zach implied that Lbank may have been paid to list the token, as he revealed he received an offer in his X DM from BlockDAG itself. He shared a screenshot of the chat where he was offered USDT to promote the project with a pinned post that he…
