BlockDAG’s $433 million pre-sale has become the target of what CEO Anthony Turner described as a coordinated disinformation campaign orchestrated by rival blockchain projects, with the timing of the latest allegations raising serious questions about competitive sabotage in the cryptocurrency industry.
In a comprehensive letter to the community yesterday, Turner directly confronted the fraud claims made by blockchain investigator ZachXBT, offering a detailed rebuttal that resonated strongly with BlockDAG’s 312,000 holders. Rather than sparking panic, the accusations appear to have strengthened the community’s resolve, with social media channels showing increased activity and vocal support for the project’s leadership.
The company claims the timing is suspicious for the allegations
Accusations by ZachXBT have surfaced on social media, claiming that Turner is merely a figurehead while undisclosed parties allegedly control BlockDAG’s operations and funnel pre-sale funds through external channels. The investigator provided screenshots and cited company documents, but notably failed to provide blockchain forensic evidence.
Timing has become a central point of contention. With BlockDAG confirming a specific exchange listing date of February 10, 2026, just months away, the allegations arrive precisely when the most damage to the project’s launch momentum could be done. Turner pointed to this timing as evidence of strategic intervention rather than organic whistleblowing.
The cryptocurrency industry has a well-documented history of such tactics, with competing projects deploying FUD campaigns to undermine competitors at critical junctures. BlockDAG’s success could represent a significant competitive threat to the layer-one blockchain space, especially in light of its hybrid DAG-PoW architecture, which promises 15,000 transactions per second — a specification that directly challenges established protocols with billions in market capitalization.
Turner’s verifiable professional background
Central to Turner’s response was a systematic presentation of his extensive professional credentials, documents that the society has since independently verified through public records. His role as chief operating officer of Spirit Blockchain Capital Inc., a publicly traded company on the Canadian Securities Exchange, has been confirmed through official CSE filings in which any investor can conduct due diligence.
Prior to joining BlockDAG, Turner co-founded SwissOne Capital AG in Switzerland, where he developed one of the first regulated cryptocurrency index funds in the country. This project required navigating Switzerland’s stringent financial regulatory environment and developing KYC-compliant investor qualification procedures.
Turner’s LinkedIn profile, company documents from Spirit Blockchain, and archived materials from SwissOne Capital all confirm the consistent narrative of a fintech professional with over 30 years of experience across various digital industries.
BlockDAG refutes these claims
BlockDAG quickly responded to ZachXBT’s claims, calling out the “glaring absence of concrete evidence.” They added that for an investigator whose reputation depends on rigorous on-chain analysis, tracking wallets, following transaction flows, and providing irrefutable blockchain data, this case represents a major departure.
In its response, BlockDAG explained that the accusations are based primarily on circumstantial observations about the company’s structure and unverified allegations about outside activities. While ZachXBT cited “external entity documents” in his claims, he did not make them available to the public for independent verification.
At the time of writing, the public still does not know the exact wallet addresses, transaction analysis sheets, or on-chain data proofs.
February 10: Concrete accountability mechanism
Turner’s confirmation that BlockDAG will be listed on major cryptocurrency exchanges on February 10, 2026 – in the eyes of investors – represents a crucial accountability mechanism that fraudulent projects typically avoid. The specificity of this commitment belies the often ambiguous timelines and perpetual delays that characterize exit scams.
By betting BlockDAG’s entire reputation on delivering functional infrastructure and exchange listings by a specific date, Turner created a binary outcome that would resolve the controversy once and for all. Either BlockDAG delivers everything it promised on February 10, or it doesn’t. There is no compromise, no room for excuses, and no way to postpone accountability forever.
This level of commitment either indicates notable confidence in the readiness of the project or may represent an unusually reckless move for a fraudulent operation.
Technical achievements support legitimacy claims
Beyond leadership credentials, BlockDAG has demonstrated verifiable technical accomplishments that legitimize its operations. The Awakening Testnet is publicly available and accessible, processing over 1,400 transactions per second with full compatibility with the Ethereum virtual machine. More than 4,500 developers are reportedly building decentralized applications on the network, an activity that can be independently verified.
The project has also undergone security audits by both Halborn and CertiK, two large companies that conduct extensive due diligence before associating with blockchain projects. BlockDAG’s partnership with the BWT Alpine Formula 1 Team provides additional institutional validation, as such partnerships require stringent audits.
These technical milestones and institutional relationships can serve as tangible evidence of an effective project with real infrastructure.
Turner describes these claims as a coordinated effort to mislead
According to Turner, the allegations are consistent with what he described as the “familiar disinformation playbook” often seen in competitive cryptocurrency environments. He claims that rival projects sometimes wait for a major event before launching coordinated social media campaigns designed to create panic among retail investors, amplify negative narratives, and undermine confidence before the major launch.
Turner points out that the goal of such tactics is rarely to prove wrongdoing, but rather to create enough uncertainty to slow momentum and dampen investor sentiment. While he declined to name specific competitors, Turner noted that BlockDAG’s internal review identified signs pointing to competing blockchain initiatives.
Community response validates leadership
The BlockDAG community’s response to this controversy has been clear. Instead of panic and fragmentation, the usual reaction to serious fraud allegations, the community showed remarkable solidarity. Telegram and Discord channels saw a spike in activity, with their owners expressing increased confidence following Turner’s detailed rebuttal.
The community’s decision to stand behind the project reflects their assessment that Turner’s verifiable credentials, BlockDAG’s technical accomplishments, and the February 10 commitment provide more compelling evidence than unsubstantiated social media claims that lack blockchain forensics.
Accountability through delivery
The coming months will provide a final resolution to this controversy. February 10, 2026 represents a concrete deadline for accountability that will either prove BlockDAG’s legitimacy or validate skeptics’ fears. Unlike projects that can constantly delay and disrupt, BlockDAG has committed to a specific date with specific outcomes.
For the 312,000 holders who invested $433 million in the project, Turner’s comprehensive rebuttal, backed by verifiable credentials and technical accomplishments, appears to have provided the assurance needed to overcome what many now see as a competitive attack campaign timed to disrupt BlockDAG’s rise in an increasingly contested tier-1 blockchain landscape.
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