HomeLatest NewsDSJ Exchange Ponzi stole $92M; $41.5M frozen

DSJ Exchange Ponzi stole $92M; $41.5M frozen

Posted: 6 May 2026, 16:21 CET 2 min read

Pseudonymous investigator ZachXBT reported DSJ Exchange and BG Wealth Sharing ran a Ponzi that took $92M April 27–May 3; investigators froze about $41.5M.

A pseudonymous blockchain investigator, ZachXBT, reported that DSJ Exchange (DSJEX) and BG Wealth Sharing ran a Ponzi that siphoned roughly $92 million from April 27 to May 3, 2026. Investigators traced transactions and froze about $41.5 million in related assets.

The tracing showed perpetrators used disguised wallets and fast, layered transfers to move funds. The chain included token swaps, cross-chain bridges such as Bridgers, Butter Network and USDT0, and wrapping and unwrapping of USDD. Transactions were consolidated across hundreds of addresses, which obscured links to original accounts.

Tether froze $38.4 million on May 4, and roughly $3.1 million was frozen at other cryptocurrency services and exchanges after investigators followed the transaction flows. The investigation involved cooperation with Tether, the Binance BNB security team and U.S. law enforcement.

ZachXBT reported the platform had operated since 2025 and offered daily returns of about 1.3% to 2.6%, alongside rank-based bonuses and referral commissions. The operation repeatedly rotated domains and hot wallets. Promotional material and videos identified a figure using the name Stephen Beard as the platform’s CEO.

Thirteen regulators across five continents issued public warnings about DSJ and BG. U.S. law enforcement seized control of the domain Bgwealthsharing.com on March 23, 2026. On May 2 a video attributed to the fake CEO imposed a 12% “withdrawal tax” on account balances and said the platform would go public; withdrawals had already been disabled by that date.

ZachXBT wrote, “While these Chinese investment frauds are obvious to most, they purposely target unsophisticated retail investors via social media.” The investigator credited cooperation between private security teams and public authorities for the asset freezes.

Authorities and crypto firms continue to monitor wallets and services linked to DSJEX and BG Wealth Sharing. Enforcement actions and tracing efforts are ongoing as teams work to follow remaining flows and identify those responsible.