Audit log

Every state-changing event for DSJEX / BG Wealth Sharing Ponzi: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-06-21 17:26:13Z
   Score: ? → ? (no score change)
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   Ub8MZ3P85LP2…rZ4pH2EVcopyexplorer ↗

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   7AD9QUPouhhK…tMsncWsucopysha256 → base58

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   {"actor":"system:backfill","investigation_id":"67e31c85-f927-478e-b804-05390ce112d6","kind":"publish","page_slug":"dsjex-bg-wealth-sharing-ponzi","published_at":"2026-06-21T17:26:13.299Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"DSJEX / BG Wealth Sharing Ponzi","sections":[{"content":"BG Wealth Sharing Ltd and DSJ Exchange PTY Ltd operated as a two-layer Ponzi scheme. BG Wealth functioned as the marketing, education, and recruitment funnel, while DSJ Exchange was the purported trading platform where investor funds were deposited. The scheme promised daily returns of 1.3% to 2.6%, which compounded to over 11,000% annually — vastly exceeding any legitimate market return. Participants were also offered referral commissions and rank-based bonuses that converted victims into active recruiters, creating an MLM-style recruitment structure. Trading signals were distributed daily through the Hong Kong-based messaging app BonChat, as well as WhatsApp, Viber, and Telegram. The trading charts, balances, and profit history displayed within the platform were entirely fabricated — a closed-loop simulation designed to show continuous profit. No real trades were executed; deposited cryptocurrency was immediately routed to syndicate-controlled wallets. The operation is linked to the broader TXEX network, which the New Zealand Financial Markets Authority documented as comprising over 813 associated websites and 30-plus shell entities.","heading":"Scheme Structure and Mechanics","severity":"critical","sources":[{"credibility":2,"name":"$41.5 Million Frozen: Inside the Takedown of the DSJ Exchange Ponzi Scheme","type":"news_article","url":"https://www.cryptotimes.io/2026/05/06/41-5-million-frozen-inside-the-takedown-of-the-dsj-exchange-ponzi-scheme/"},{"credibility":1,"name":"Network of group chats and fake investment platforms linked to high-risk Ponzi-style investment scam, first warned as TXEX — New Zealand FMA","type":"regulatory","url":"https://www.fma.govt.nz/library/warnings-and-alerts/txex/"},{"credibility":2,"name":"How TXEX and DSJ Syndicates Built a $150M Empire on Trafficked Labor and Fabricated Lives","type":"news_article","url":"https://www.cryptotimes.io/2026/05/12/how-the-txex-and-dsj-syndicates-built-a-150m-empire-on-trafficked-labor-and-fabricated-lives/"}]},{"content":"The public face of BG Wealth Sharing was a persona called 'Professor Stephen Beard,' presented as the scheme's founder and investment authority. Investigators found that Stephen Beard has no verifiable academic history, no financial regulatory registration in any jurisdiction, and no digital footprint predating the scam's launch. Photographs of Beard are alleged to be AI-generated or digitally altered images, and the persona is believed to have been operated by trafficked workers within the Shunda compound scam center in Myanmar, using deepfake face-filter technology during video appearances. On or around May 2, 2026, a video attributed to Beard announced a fictitious IPO and demanded that investors pay a 12% 'regulatory compliance tax' on their account balances — a classic final-stage exit signal used in Ponzi operations. The scheme also allegedly claimed falsely to hold SEC licensing, misusing exempt Form ADV and Form D filing references to appear legitimate.","heading":"Fictitious CEO and Social Engineering","severity":"critical","sources":[{"credibility":3,"name":"BG Wealth Sharing Scam: The Truth About Stephen Beard","type":"research","url":"https://www.dehek.com/general/scam-fraud-investigations/bg-wealth-sharing-stephen-beard-scam-exposed-fake-ceo-sec-misuse-global-warnings/"},{"credibility":2,"name":"$150m DSJEX crypto Ponzi scheme collapses, team freezes $41.5m — Cryptopolitan","type":"news_article","url":"https://www.cryptopolitan.com/150m-dsjex-crypto-ponzi-scheme-collapses/"},{"credibility":2,"name":"BG Wealth Sharing LTD and DSJ Exchange Under Scrutiny for Alleged Crypto Scam — Silver Miller Law","type":"other","url":"https://www.silvermillerlaw.com/blog/bg-wealth-sharing-ltd-and-dsj-exchange-under-scrutiny-for-alleged-crypto-scam/"}]},{"content":"The scheme employed affinity fraud tactics, systematically targeting diaspora communities with strong social trust networks. The New Zealand Financial Markets Authority documented that the scheme particularly targeted Tongan, Samoan, and Filipino communities across New Zealand, Australia, Tonga, and the United States, as well as overseas Filipino workers. Early participants who received small, legitimate-looking withdrawal payments were incentivized to recruit family members and colleagues through referral commissions, effectively outsourcing victim acquisition to the victims themselves while leveraging familial trust. Investors were warned about potential losses through peer pressure dynamics and community standing, making it difficult for victims to report losses publicly.","heading":"Target Communities and Affinity Fraud","severity":"high","sources":[{"credibility":1,"name":"High risk scam targeting communities in Tonga and in New Zealand — New Zealand FMA","type":"regulatory","url":"https://www.fma.govt.nz/news/all-releases/media-releases/scam-targeting-tonga-and-nz/"},{"credibility":2,"name":"$41.5 Million Frozen: Inside the Takedown of the DSJ Exchange Ponzi Scheme","type":"news_article","url":"https://www.cryptotimes.io/2026/05/06/41-5-million-frozen-inside-the-takedown-of-the-dsj-exchange-ponzi-scheme/"}]},{"content":"Following the U.S. seizure of the primary domain bgwealthsharing.com on April 23, 2026, the operators began an orchestrated exit. Withdrawals were effectively disabled by late April. On May 2, 2026, the fabricated 'Professor Stephen Beard' persona posted a video demanding a 12% tax on all account balances, framed as regulatory compliance for a pending IPO. Between April 27 and May 3, 2026, operators laundered more than $92 million across multiple blockchains using a layered sequence of techniques: token swaps on the Tokenlon DEX, cross-chain bridging through Bridgers, Butter Network, and USDT0, wrapping and unwrapping of the USDD stablecoin, and consolidation across hundreds of addresses on Tron and Solana networks. Approximately $63 million was routed to the institutional custody provider Cobo, while roughly $30 million was directed to OKX-linked deposit addresses. The remaining laundered funds moved through decentralized bridges and privacy mechanisms.","heading":"Exit Scam and Money Laundering","severity":"critical","sources":[{"credibility":2,"name":"$92M stolen in a week — Inside the DSJ Exchange crypto Ponzi scheme — AMBCrypto","type":"news_article","url":"https://ambcrypto.com/92m-stolen-in-a-week-inside-the-dsj-exchange-crypto-ponzi-scheme/"},{"credibility":2,"name":"$41.5 Million Frozen: Inside the Takedown of the DSJ Exchange Ponzi Scheme","type":"news_article","url":"https://www.cryptotimes.io/2026/05/06/41-5-million-frozen-inside-the-takedown-of-the-dsj-exchange-ponzi-scheme/"},{"credibility":2,"name":"$150m DSJEX crypto Ponzi scheme collapses, team freezes $41.5m — Cryptopolitan","type":"news_article","url":"https://www.cryptopolitan.com/150m-dsjex-crypto-ponzi-scheme-collapses/"}]},{"content":"On-chain investigator ZachXBT identified the laundering pattern while reviewing unrelated USDD contract flows, then traced consolidation points to Binance and OKX deposit addresses. He coordinated directly with security teams at Tether, Binance, and OKX, as well as U.S. law enforcement. On May 4, 2026, Tether froze $38.4 million in USDT spread across 19 addresses. An additional $3.1 million was frozen at Binance, OKX, and other services, bringing the total frozen amount to $41.5 million — approximately 27% of the estimated $150 million in total victim losses. The U.S. Federal Bureau of Investigation (FBI) seized the bgwealthsharing.com domain on April 23, 2026 under Operation Level Up and the Scam Center Strike Force. As part of the broader Operation Level Up crackdown, $701.9 million in cryptocurrency connected to affiliated scam center networks was restrained globally, 503 fraudulent domains were seized, and a Telegram recruitment channel with over 6,000 followers was taken down. More than $100 million in laundered funds remained unrecovered as of the investigation date.","heading":"Asset Freeze and Law Enforcement Response","severity":"critical","sources":[{"credibility":1,"name":"Scam Center Strike Force Takes Major Actions Against Southeast Asian Scam Centers — U.S. Department of Justice","type":"regulatory","url":"https://www.justice.gov/opa/pr/scam-center-strike-force-takes-major-actions-against-southeast-asian-scam-centers-targeting"},{"credibility":2,"name":"ZachXBT Helps Freeze $41.5 Million After $150 Million Crypto Ponzi Scheme Collapses — CoinPedia","type":"news_article","url":"https://coinpedia.org/news/zachxbt-helps-freeze-41-5-million-after-150-million-crypto-ponzi-scheme-collapses/"},{"credibility":2,"name":"FBI seizes BG Wealth Sharing's original website domain — BehindMLM","type":"news_article","url":"https://behindmlm.com/companies/click-a-button-app-ponzis/fbi-seizes-bg-wealth-sharings-original-website-domain/"},{"credibility":2,"name":"$150M Crypto Ponzi Crumbles: $41.5M Frozen In DSJ Exchange Collapse — NewsBTC","type":"news_article","url":"https://www.newsbtc.com/news/150m-crypto-ponzi-41-5m-frozen-collapse/"}]},{"content":"Thirteen financial regulatory authorities across five continents issued formal fraud warnings about BG Wealth Sharing and DSJ Exchange during the twelve months before the collapse. These include: the UK Financial Conduct Authority (May 2025), which classified DSJ Exchange as an unauthorized firm; the New Zealand Financial Markets Authority (April 2025, updated through April 2026), which cited entity impersonation, market manipulation, and fraud, and documented over 500 associated domains in the broader TXEX network; the Tonga National Reserve Bank (December 2025); the British Columbia Securities Commission (January 2026); the Canadian Securities Administrators (January 2026); the Alberta Securities Commission (February 2026); the Saskatchewan Financial and Consumer Affairs Authority (March 2026); the Philippine Securities and Exchange Commission; the Australian Securities and Investments Commission; the Utah Division of Securities; the Washington State Department of Financial Institutions (updated April 10, 2026), which explicitly characterized the operation as an advance fee scam; and regulators in Samoa and the Bahamas. Despite these warnings, the operators continued to accept new deposits by cycling through at least a dozen domain names, falsely claiming SEC licensing, and exploiting gaps in cross-border DNS enforcement authority.","heading":"Regulatory Warnings","severity":"critical","sources":[{"credibility":1,"name":"Network of group chats and fake investment platforms linked to high-risk Ponzi-style investment scam, first warned as TXEX — New Zealand FMA","type":"regulatory","url":"https://www.fma.govt.nz/library/warnings-and-alerts/txex/"},{"credibility":2,"name":"How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/07/how-dsj-exchange-operated-for-12-months-despite-warnings-from-13-regulators/"},{"credibility":1,"name":"Alleged investment group BG Wealth Sharing LTD and cryptocurrency trading platform DSJ Exchange PTY Ltd may be fraudulent — Washington State DFI","type":"regulatory","url":"https://dfi.wa.gov/alerts/alleged-investment-group-bg-wealth-sharing-ltd-and-cryptocurrency-trading-platform-dsj"}]},{"content":"On April 23, 2026, the U.S. Department of Justice unsealed wire fraud conspiracy charges against two Chinese nationals, Huang Xingshan (also known as 'Ah Zhe') and Jiang Wen Jie (also known as 'Jiang Nan'), in connection with the Shunda compound, a scam center located in Min Let Pan, Myanmar. The compound operated from at least January 2025 until approximately November 2025, when it was seized by the Karen National Liberation Army. The DOJ described the facility as a forced labor camp where trafficked individuals from across Southeast Asia were held against their will, had their passports confiscated, and were coerced into executing cryptocurrency investment fraud schemes under constant threat of physical violence, torture, and extortion. Huang Xingshan served as a high-level manager and enforcer who allegedly personally participated in the physical punishment of trafficked workers. Jiang Wen Jie served as a team leader who directly supervised workers targeting American victims; under his supervision, one single American victim was defrauded of over $3 million. Both individuals fled to Cambodia after the Myanmar compound was seized and were subsequently arrested in Thailand on immigration fraud charges. As of the investigation date, both remain fugitives sought by U.S. authorities. BG Wealth Sharing is alleged to have resumed operations from Cambodia after the Myanmar compound closure. The fabricated personas such as 'Professor Stephen Beard' are believed to have been operated by workers at these facilities. The combined TXEX and DSJ network is alleged by the DOJ to have been linked to more than 20,000 victims across 30 countries.","heading":"DOJ Criminal Charges and Forced Labor Infrastructure","severity":"critical","sources":[{"credibility":1,"name":"Scam Center Strike Force Takes Major Actions Against Southeast Asian Scam Centers — U.S. Department of Justice","type":"regulatory","url":"https://www.justice.gov/opa/pr/scam-center-strike-force-takes-major-actions-against-southeast-asian-scam-centers-targeting"},{"credibility":2,"name":"DOJ charges 2 Chinese nationals who allegedly ran overseas cryptocurrency scam center targeting Americans — Fox News","type":"news_article","url":"https://www.foxnews.com/politics/doj-charges-2-chinese-nationals-allegedly-ran-overseas-cryptocurrency-scam-center-targeting-americans"},{"credibility":2,"name":"$150M TXEX-DSJ Empire Exposed: 813 Fake Sites, Human Trafficking Camps, 276 Arrests — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/12/150m-txex-dsj-empire-exposed-813-fake-sites-human-trafficking-camps-276-arrests/"},{"credibility":2,"name":"BG Wealth Sharing operating from Cambodia, arrests reveal — BehindMLM","type":"news_article","url":"https://behindmlm.com/companies/click-a-button-app-ponzis/bg-wealth-sharing-operating-from-cambodia-arrests-reveal/"},{"credibility":2,"name":"Global Crackdown Arrests 276, Shuts 9 Crypto Scam Centers, Seizes $701M — The Hacker News","type":"news_article","url":"https://thehackernews.com/2026/05/global-crackdown-arrests-276-shuts-9.html"}]},{"content":"Investigators at CryptoTimes reported in May 2026 that promoters who had recruited for BG Wealth and DSJ Exchange were observed migrating to new platforms called Swift Wave Capital and HQI Exchange, which share identical mechanics: fake click-a-button trading, MLM referral structures via Telegram and BonChat, withdrawal blocks requiring upfront taxes or deposits, and daily yield promises of 1–3%. Washington State DFI formally named HQI as a migration destination. As of the investigation date, direct wallet-level links between the collapsed DSJ/BG Wealth infrastructure and Swift Wave or HQI have not been publicly confirmed on-chain. The 'single-operator theory' is noted by investigators as plausible but not yet proven.","heading":"Alleged Successor Operations","severity":"high","sources":[{"credibility":2,"name":"How BG Wealth and DSJ Exposed the New Pipeline Model Behind 2026 Crypto Fraud — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/16/bg-wealth-dsj-swift-wave-crypto-pipeline/"}]},{"content":"The $41.5 million frozen by Tether, Binance, OKX, and other services represents approximately 27% of the estimated $150 million in losses. These funds are subject to U.S. civil forfeiture proceedings, a process that typically takes between six and twenty-four months before restitution distributions can be processed. Victims seeking to participate in potential restitution are advised by law enforcement to file reports with the FBI's Internet Crime Complaint Center (ic3.gov) and to preserve all communications, transaction records, and screenshots. More than $100 million in laundered funds remained unaccounted for as of the investigation date, routed through decentralized bridges and across multiple chains in a manner that significantly complicates recovery. Victims who recruited others may face secondary legal exposure depending on jurisdiction.","heading":"Victim Recovery Outlook","severity":"high","sources":[{"credibility":2,"name":"$41.5 Million Frozen: Inside the Takedown of the DSJ Exchange Ponzi Scheme — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/06/41-5-million-frozen-inside-the-takedown-of-the-dsj-exchange-ponzi-scheme/"},{"credibility":2,"name":"BG Wealth Sharing LTD and DSJ Exchange Under Scrutiny for Alleged Crypto Scam — Silver Miller Law","type":"other","url":"https://www.silvermillerlaw.com/blog/bg-wealth-sharing-ltd-and-dsj-exchange-under-scrutiny-for-alleged-crypto-scam/"}]}],"sources_used":[{"credibility":2,"name":"$41.5 Million Frozen: Inside the Takedown of the DSJ Exchange Ponzi Scheme — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/06/41-5-million-frozen-inside-the-takedown-of-the-dsj-exchange-ponzi-scheme/"},{"credibility":2,"name":"How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/07/how-dsj-exchange-operated-for-12-months-despite-warnings-from-13-regulators/"},{"credibility":2,"name":"$150m DSJEX crypto Ponzi scheme collapses, team freezes $41.5m — Cryptopolitan","type":"news_article","url":"https://www.cryptopolitan.com/150m-dsjex-crypto-ponzi-scheme-collapses/"},{"credibility":2,"name":"$150M Crypto Ponzi Crumbles: $41.5M Frozen In DSJ Exchange Collapse — NewsBTC","type":"news_article","url":"https://www.newsbtc.com/news/150m-crypto-ponzi-41-5m-frozen-collapse/"},{"credibility":2,"name":"How TXEX and DSJ Syndicates Built a $150M Empire on Trafficked Labor and Fabricated Lives — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/12/how-the-txex-and-dsj-syndicates-built-a-150m-empire-on-trafficked-labor-and-fabricated-lives/"},{"credibility":2,"name":"$150M TXEX-DSJ Empire Exposed: 813 Fake Sites, Human Trafficking Camps, 276 Arrests — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/12/150m-txex-dsj-empire-exposed-813-fake-sites-human-trafficking-camps-276-arrests/"},{"credibility":2,"name":"How BG Wealth and DSJ Exposed the New Pipeline Model Behind 2026 Crypto Fraud — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/05/16/bg-wealth-dsj-swift-wave-crypto-pipeline/"},{"credibility":2,"name":"$92M stolen in a week — Inside the DSJ Exchange crypto Ponzi scheme — AMBCrypto","type":"news_article","url":"https://ambcrypto.com/92m-stolen-in-a-week-inside-the-dsj-exchange-crypto-ponzi-scheme/"},{"credibility":1,"name":"Network of group chats and fake investment platforms linked to high-risk Ponzi-style investment scam, first warned as TXEX — New Zealand FMA","type":"regulatory","url":"https://www.fma.govt.nz/library/warnings-and-alerts/txex/"},{"credibility":1,"name":"High risk scam targeting communities in Tonga and in New Zealand — New Zealand FMA","type":"regulatory","url":"https://www.fma.govt.nz/news/all-releases/media-releases/scam-targeting-tonga-and-nz/"},{"credibility":1,"name":"Alleged investment group BG Wealth Sharing LTD and cryptocurrency trading platform DSJ Exchange PTY Ltd may be fraudulent — Washington State DFI","type":"regulatory","url":"https://dfi.wa.gov/alerts/alleged-investment-group-bg-wealth-sharing-ltd-and-cryptocurrency-trading-platform-dsj"},{"credibility":1,"name":"Scam Center Strike Force Takes Major Actions Against Southeast Asian Scam Centers — U.S. Department of Justice","type":"regulatory","url":"https://www.justice.gov/opa/pr/scam-center-strike-force-takes-major-actions-against-southeast-asian-scam-centers-targeting"},{"credibility":2,"name":"DOJ charges 2 Chinese nationals who allegedly ran overseas cryptocurrency scam center targeting Americans — Fox News","type":"news_article","url":"https://www.foxnews.com/politics/doj-charges-2-chinese-nationals-allegedly-ran-overseas-cryptocurrency-scam-center-targeting-americans"},{"credibility":2,"name":"Global Crackdown Arrests 276, Shuts 9 Crypto Scam Centers, Seizes $701M — The Hacker News","type":"news_article","url":"https://thehackernews.com/2026/05/global-crackdown-arrests-276-shuts-9.html"},{"credibility":2,"name":"FBI seizes BG Wealth Sharing's original website domain — BehindMLM","type":"news_article","url":"https://behindmlm.com/companies/click-a-button-app-ponzis/fbi-seizes-bg-wealth-sharings-original-website-domain/"},{"credibility":2,"name":"BG Wealth Sharing operating from Cambodia, arrests reveal — BehindMLM","type":"news_article","url":"https://behindmlm.com/companies/click-a-button-app-ponzis/bg-wealth-sharing-operating-from-cambodia-arrests-reveal/"},{"credibility":2,"name":"ZachXBT Helps Freeze $41.5 Million After $150 Million Crypto Ponzi Scheme Collapses — CoinPedia","type":"news_article","url":"https://coinpedia.org/news/zachxbt-helps-freeze-41-5-million-after-150-million-crypto-ponzi-scheme-collapses/"},{"credibility":2,"name":"ZachXBT: $150M DSJ Crypto Ponzi Collapses, $41.5M Frozen — Bitcoinist","type":"news_article","url":"https://bitcoinist.com/zachxbt-150m-dsj-crypto-ponzi-collapses/"},{"credibility":2,"name":"BG Wealth Sharing LTD and DSJ Exchange Under Scrutiny for Alleged Crypto Scam — Silver Miller Law","type":"other","url":"https://www.silvermillerlaw.com/blog/bg-wealth-sharing-ltd-and-dsj-exchange-under-scrutiny-for-alleged-crypto-scam/"},{"credibility":3,"name":"BG Wealth Sharing Scam: The Truth About Stephen Beard — Danny de Hek / dehek.com","type":"research","url":"https://www.dehek.com/general/scam-fraud-investigations/bg-wealth-sharing-stephen-beard-scam-exposed-fake-ceo-sec-misuse-global-warnings/"},{"credibility":2,"name":"U.S. Crackdown on Southeast Asian Crypto Scam Centers — Chainalysis","type":"research","url":"https://www.chainalysis.com/blog/asian-scam-centers-crypto-fraud-april-2026/"}],"summary":"DSJEX (DSJ Exchange PTY Ltd) and BG Wealth Sharing Ltd operated as a coordinated Ponzi scheme from approximately January 2025 through early May 2026, defrauding an estimated $150 million from investors worldwide by promising 1.3–2.6% daily returns through fabricated AI trading signals. The operation laundered over $92 million cross-chain in a single week before a coordinated response by ZachXBT, Tether, Binance, OKX, and U.S. law enforcement froze $41.5 million. The scheme is linked to a broader TXEX/Shunda compound network that used trafficked forced labor in Myanmar and Cambodia, and thirteen regulators across five continents had issued fraud warnings before the collapse.","timeline":[{"date":"2025-01","event":"BG Wealth Sharing Ltd and DSJ Exchange PTY Ltd launch operations, allegedly from a scam compound in Myanmar. Scheme begins recruiting via BonChat, WhatsApp, and Telegram using the fabricated 'Professor Stephen Beard' persona.","source":"BehindMLM / CryptoTimes","source_url":"https://behindmlm.com/companies/click-a-button-app-ponzis/bg-wealth-sharing-operating-from-cambodia-arrests-reveal/"},{"date":"2025-04","event":"New Zealand Financial Markets Authority issues its first warning about the broader TXEX network, which includes BG Wealth Sharing and DSJ Exchange.","source":"New Zealand Financial Markets Authority","source_url":"https://www.fma.govt.nz/library/warnings-and-alerts/txex/"},{"date":"2025-05","event":"UK Financial Conduct Authority classifies DSJ Exchange as an unauthorized firm and issues a formal fraud warning.","source":"How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes","source_url":"https://www.cryptotimes.io/2026/05/07/how-dsj-exchange-operated-for-12-months-despite-warnings-from-13-regulators/"},{"date":"2025-08-20","event":"New Zealand FMA publishes a formal standing warning page for the TXEX-linked network, listing over 500 associated domains including DSJ Exchange and BG Wealth Sharing variants.","source":"New Zealand Financial Markets Authority","source_url":"https://www.fma.govt.nz/library/warnings-and-alerts/txex/"},{"date":"2025-11","event":"Shunda compound in Min Let Pan, Myanmar is seized by the Karen National Liberation Army. Operators Huang Xingshan and Jiang Wen Jie flee to Cambodia and allegedly resume BG Wealth operations there.","source":"BG Wealth Sharing operating from Cambodia, arrests reveal — BehindMLM","source_url":"https://behindmlm.com/companies/click-a-button-app-ponzis/bg-wealth-sharing-operating-from-cambodia-arrests-reveal/"},{"date":"2025-12","event":"Tonga's National Reserve Bank issues a formal fraud warning about BG Wealth Sharing.","source":"How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes","source_url":"https://www.cryptotimes.io/2026/05/07/how-dsj-exchange-operated-for-12-months-despite-warnings-from-13-regulators/"},{"date":"2026-01","event":"British Columbia Securities Commission and Canadian Securities Administrators issue formal fraud warnings against BG Wealth Sharing and DSJ Exchange.","source":"How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes","source_url":"https://www.cryptotimes.io/2026/05/07/how-dsj-exchange-operated-for-12-months-despite-warnings-from-13-regulators/"},{"date":"2026-01-15","event":"New Zealand FMA updates its TXEX warning to specifically flag BG Wealth Sharing Group as a separate listed entity.","source":"New Zealand Financial Markets Authority","source_url":"https://www.fma.govt.nz/library/warnings-and-alerts/txex/"},{"date":"2026-02","event":"Alberta Securities Commission issues a fraud warning. Huang Xingshan and Jiang Wen Jie are arrested in Thailand on immigration charges.","source":"How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes","source_url":"https://www.cryptotimes.io/2026/05/07/how-dsj-exchange-operated-for-12-months-despite-warnings-from-13-regulators/"},{"date":"2026-03","event":"Saskatchewan Financial and Consumer Affairs Authority issues a fraud warning. Australian ASIC and Philippine SEC also issue warnings in this period.","source":"How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes","source_url":"https://www.cryptotimes.io/2026/05/07/how-dsj-exchange-operated-for-12-months-despite-warnings-from-13-regulators/"},{"date":"2026-04-10","event":"Washington State Department of Financial Institutions updates its formal warning, explicitly describing the operation as an advance fee scam.","source":"Washington State DFI Alert","source_url":"https://dfi.wa.gov/alerts/alleged-investment-group-bg-wealth-sharing-ltd-and-cryptocurrency-trading-platform-dsj"},{"date":"2026-04-23","event":"U.S. law enforcement seizes the primary domain bgwealthsharing.com under Operation Level Up and the Scam Center Strike Force. The DOJ simultaneously unseals wire fraud conspiracy charges against Huang Xingshan and Jiang Wen Jie. Operation Level Up restrains $701.9 million in affiliated cryptocurrency across the broader scam network and seizes 503 domains.","source":"U.S. Department of Justice — Scam Center Strike Force press release","source_url":"https://www.justice.gov/opa/pr/scam-center-strike-force-takes-major-actions-against-southeast-asian-scam-centers-targeting"},{"date":"2026-04-27","event":"Operators begin the exit phase: withdrawals are blocked and cross-chain laundering begins. Over $92 million is laundered between April 27 and May 3, 2026 via Tokenlon swaps, Bridgers, Butter Network, USDT0, and USDD wrapping across Tron and Solana.","source":"$92M stolen in a week — AMBCrypto","source_url":"https://ambcrypto.com/92m-stolen-in-a-week-inside-the-dsj-exchange-crypto-ponzi-scheme/"},{"date":"2026-05-02","event":"A video attributed to 'Professor Stephen Beard' is distributed, announcing a fictitious IPO and demanding a 12% tax on all account balances as a 'regulatory compliance fee,' signaling the final exit stage.","source":"$41.5 Million Frozen: Inside the Takedown of the DSJ Exchange Ponzi Scheme — CryptoTimes","source_url":"https://www.cryptotimes.io/2026/05/06/41-5-million-frozen-inside-the-takedown-of-the-dsj-exchange-ponzi-scheme/"},{"date":"2026-05-04","event":"Tether freezes $38.4 million in USDT across 19 addresses following ZachXBT's coordinated disclosure to Tether, Binance, OKX, and U.S. law enforcement. An additional $3.1 million is frozen at other exchanges, bringing the total to $41.5 million.","source":"$150m DSJEX crypto Ponzi scheme collapses, team freezes $41.5m — Cryptopolitan","source_url":"https://www.cryptopolitan.com/150m-dsjex-crypto-ponzi-scheme-collapses/"},{"date":"2026-05-05","event":"ZachXBT publicly confirms the $41.5 million freeze and describes the coordination effort, estimating total victim losses at over $150 million.","source":"ZachXBT: $150M DSJ Crypto Ponzi Collapses, $41.5M Frozen — Bitcoinist","source_url":"https://bitcoinist.com/zachxbt-150m-dsj-crypto-ponzi-collapses/"},{"date":"2026-05-16","event":"CryptoTimes reports that promoters formerly associated with BG Wealth and DSJ Exchange are actively recruiting for alleged successor operations Swift Wave Capital and HQI Exchange using identical operational mechanics. Washington State DFI formally names HQI as a migration target.","source":"How BG Wealth and DSJ Exposed the New Pipeline Model Behind 2026 Crypto Fraud — CryptoTimes","source_url":"https://www.cryptotimes.io/2026/05/16/bg-wealth-dsj-swift-wave-crypto-pipeline/"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 45691751-3b6e-4bce-8cec-4931da70ff79copy