DSJEX Ponzi Schemes Collapse, $41.5M Frozen After $150M Raised

A cryptocurrency Ponzi scheme known as DSJ Exchange, or DSJEX, and BG Wealth Sharing collapsed in early May 2026 after drawing in more than 150 million from investors since its launch in 2025. Onchain investigator ZachXBT, who helped coordinate the response, reported that operators laundered over 92 million across multiple blockchains from April 27 to May 3 before authorities and exchanges froze 41.5 million of the funds.

The schemes promised daily returns of 1.3 to 2.6 percent, along with referral commissions and rank-based bonuses. DSJEX operated as a fake trading platform, while BG Wealth Sharing served as the associated investment group. A purported CEO named Stephen Beard fronted the operation, with domains and hot wallets rotated frequently to evade detection. Recruitment relied on social media channels, including fake trading signals shared via BonChat, a Hong Kong-based messaging app.

Thirteen regulators across five continents had issued public warnings about the fraud prior to the collapse. United States law enforcement seized the domain Bgwealthsharing.com on April 23, 2026. Signs of the schemes downfall emerged when withdrawals were disabled, followed by a May 2 video...