ZachXBT warns of Spartans risks: Founder's BlockDAG suspected to have shifted to casino business BlockBeats News: On May 19th, blockchain detective ZachXBT issued a warning stating that "choosing to gamble on Spartans is itself an intelligence test" and questioned the long-term harvesting of retail investors by the operators behind Spartans. ZachXBT pointed out that Gurhan Kiziloz, a Spartans related figure, previously operated the BlockDAG Network, which had not been launched on the mainnet or mining machine products for many years, but still promoted pre-sales with "300 times revenue" and had raised at least $350 million from inexperienced retail investors. It further stated that BlockDAG has recently shifted its focus to the casino business and suspects that related casino platforms may be used to 'legitimize BlockDAG's funding sources', including by paying high fees to employees and KOLs for fund circulation. Previously, several community members and content creators publicly questioned Spartans' marketing model and operational transparency, and warned users of potential "rug pull" risks. [Original link]