BlockDAG’s $433 million presale has become the target of what CEO Antony Turner has characterized as a coordinated disinformation campaign orchestrated by rival blockchain projects, with the timing of recent allegations raising serious questions about competitive sabotage in the cryptocurrency industry.
In a comprehensive address to the community yesterday, Turner directly confronted fraud allegations made by blockchain investigator ZachXBT, presenting a detailed rebuttal that has resonated strongly with BlockDAG‘s 312,000 holders. Rather than triggering panic, the accusations appear to have strengthened community resolve, with social media channels showing increased activity and vocal support for the project’s leadership.
The Company Claims Suspicious Timing of Allegations
ZachXBT’s accusations emerged on social media, claiming that Turner is merely a figurehead while undisclosed parties allegedly control BlockDAG’s operations and funnel presale funds through offshore channels. The investigator provided screenshots and cited corporate documents, but notably failed to produce the blockchain forensic evidence.
The timing has become a central point of contention. With BlockDAG having confirmed a specific exchange listing date of February 10th, 2026, just months away, the allegations arrive precisely when maximum damage could be inflicted on the project’s launch momentum. Turner pointed to this timing as evidence of strategic interference rather than organic whistleblowing.
The cryptocurrency industry has a well-documented history of such tactics, with competing projects deploying FUD campaigns to undermine rivals at critical junctures. BlockDAG’s success could represent a significant competitive threat in the Layer-1 blockchain space, particularly given its hybrid DAG-PoW architecture, promising 15,000 transactions per second – specifications that directly challenge established protocols with billions in market capitalization.
Turner’s Verifiable Professional Background
Central to Turner’s rebuttal was a methodical presentation of his extensive professional credentials, documentation that the community has since independently verified through public records. His role as Chief Operating Officer at Spirit Blockchain Capital Inc., a publicly traded company on the Canadian Securities Exchange, is confirmed through official CSE filings accessible to any investor conducting due diligence.
Prior to BlockDAG, Turner co-founded SwissOne Capital AG in Switzerland, where he developed one of the country’s first regulated crypto index funds. This venture required navigating Switzerland’s rigorous financial regulatory environment and establishing KYC-compliant investor onboarding procedures.
Turner’s LinkedIn profile, corporate documents from Spirit Blockchain, and archived materials from SwissOne Capital all corroborate a consistent narrative of a fintech professional with over 30 years of experience across digital industries.
BlockDAG Rebuts the Allegations
BlockDAG quickly answered ZachXBT’s allegations, calling for “the glaring absence of concrete evidence.” They added that, for an investigator whose reputation rests on meticulous on-chain analysis, tracking wallets, following transaction flows, and presenting irrefutable blockchain data, this case represents a significant departure.
In its response, BlockDAG explained that the accusations rely primarily on circumstantial observations about corporate structure and unverified claims about offshore activities. While ZachXBT cited “offshore entity documents” in his allegations, he has not made them publicly available for independent verification.
At the time of writing, the public is still in the dark on the exact wallet addresses, transaction analysis sheets, or on-chain data evidence.
February 10th: A Concrete Accountability Mechanism
Turner’s confirmation that BlockDAG will list on major cryptocurrency exchanges on February 10th, 2026 – in the eyes of investors – represents a critical accountability mechanism that fraudulent projects typically avoid. The specificity of this commitment contrasts with the often-vague timelines and perpetual delays that characterize exit scams.
By staking BlockDAG’s entire reputation on delivering functional infrastructure and exchange listings by a specific date, Turner has created a binary outcome that will definitively resolve the controversy. Either BlockDAG delivers everything promised on February 10th, or it doesn’t. There is no middle ground, no room for excuses, and no way to postpone accountability perpetually.
This level of commitment suggests either remarkable confidence in the project’s readiness or would represent an unusually reckless move for a fraudulent operation.
Technical Achievements Support Legitimacy Claims
Beyond leadership credentials, BlockDAG has demonstrated verifiable technical achievements that lend legitimacy to its operations. The Awakening Testnet is live and publicly accessible, processing over 1400 transactions per second with full Ethereum Virtual Machine compatibility. Over 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, major firms 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 rigorous vetting processes.
These technical milestones and institutional relationships could serve as tangible evidence of a functioning project with real infrastructure.
Turner Calls the Allegations a Coordinated Disinformation Effort
According to Turner, the allegations align with what he describes as a “familiar disinformation playbook” often seen in competitive crypto environments. He claims that rival projects sometimes wait for a major milestone before launching coordinated social media campaigns designed to stir panic among retail investors, amplify negative narratives, and undermine confidence ahead of a key launch.
Turner suggests that the aim of such tactics is rarely to prove wrongdoing, but rather to create enough uncertainty to slow momentum and weaken investor sentiment. While he declined to name specific competitors, Turner indicated that BlockDAG’s internal review has identified signs pointing toward rival blockchain initiatives.
Community Response Validates Leadership
The BlockDAG community’s response to the controversy has been telling. Rather than panic and fragmentation, the typical reaction to serious fraud allegations, the community has demonstrated remarkable solidarity. Telegram and Discord channels have experienced surges in activity, with holders 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 achievements, and the specific February 10th commitment provide more compelling evidence than unsubstantiated social media allegations lacking blockchain forensics.
Accountability Through Delivery
The coming months will provide a definitive resolution to this controversy. February 10th, 2026, represents a concrete accountability deadline that will either vindicate BlockDAG’s legitimacy or validate the skeptics’ concerns. Unlike projects that can perpetually delay and obfuscate, BlockDAG has committed to a specific date with specific deliverables.
For the 312,000 holders who have invested $433 million in the project, Turner’s comprehensive rebuttal, backed by verifiable credentials and technical achievements, appears to have provided the assurance needed to weather what many now view as a competitive attack campaign timed to disrupt BlockDAG’s ascent in the increasingly contested Layer-1 blockchain landscape.
The post Turner Claims Coordinated Attack on BlockDAG as Community Rallies in Support appeared first on 99Bitcoins.
