Audit log

Every state-changing event for DSJEX / BG Wealth Sharing: 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

   2026-05-22 14:42:23Z
   Score: ? → ? (no score change)
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   ●mainnet-betaslot 421,438,677

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   CEiVYFvXibvi…dhvsngdMcopyexplorer ↗

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   {"actor":"system:backfill","investigation_id":"5aaae5f1-d6ac-4344-918b-a453355bdf0e","kind":"publish","page_slug":"dsjex-bg-wealth-sharing","published_at":"2026-05-22T14:42:22.901Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"DSJEX / BG Wealth Sharing","sections":[{"content":"DSJEX and BG Wealth Sharing operated as two interlocking fraud vehicles. DSJ Exchange (dsjex.net), presenting itself as a legitimate cryptocurrency trading platform, served as the purported investment vehicle offering fake AI-driven trading signals. BG Wealth Sharing LTD served as the MLM recruitment shell, positioning itself as 'the world's largest hedge fund' and enrolling users who recruited others in exchange for referral commissions and rank-based bonuses. Both entities were incorporated in Colorado, USA, with registration addresses identified by regulators as a generic PostNet mailbox and a temporary office rental space rather than legitimate business premises. The trading backend was fabricated: charts, balances, and trade confirmations were entirely simulated. A fictitious CEO persona named 'Stephen Beard,' also referred to as 'Professor Stephen Beard,' was constructed to lend credibility to the scheme. The scheme is linked to the broader TXEX fraud syndicate, which the New Zealand Financial Markets Authority associated with 813 duplicate websites, 30 distinct corporate entities, and secondary platforms including ZZCOIN, AMG Exchange, UZEX, XDCBIT Exchange, TPBIT, and HelloBit Exchange. Victims were primarily recruited through encrypted messaging apps including Telegram, WhatsApp, Viber, and BonChat, a Hong Kong-based messaging platform. The scheme demonstrably targeted diaspora communities, including Tongan communities across New Zealand and the Pacific.","heading":"Scheme Overview and Structure","severity":"critical","sources":[{"credibility":1,"name":"Washington State DFI: Alleged investment group BG Wealth Sharing LTD and cryptocurrency trading platform DSJ Exchange PTY Ltd may be fraudulent","type":"regulatory","url":"https://dfi.wa.gov/alerts/alleged-investment-group-bg-wealth-sharing-ltd-and-cryptocurrency-trading-platform-dsj"},{"credibility":2,"name":"CryptoTimes: How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators","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":"CryptoTimes: $150M TXEX-DSJ Empire Exposed: 813 Fake Sites, Human Trafficking Camps, 276 Arrests","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":1,"name":"CoinTelegraph: How a fake crypto exchange reportedly attracted $150M before collapsing","type":"news_article","url":"https://cointelegraph.com/learn/how-dsjex-reportedly-attracted-150m"},{"credibility":2,"name":"DSJEX: The Fake Crypto Exchange Behind BG Wealth Sharing (Dehek)","type":"research","url":"https://www.dehek.com/general/anti-mlm-cults/dsjex-the-fake-crypto-exchange-behind-bg-wealth-sharing/"}]},{"content":"The scheme's collapse unfolded in late April and early May 2026. In the days before the platform went offline, the fictitious CEO Stephen Beard released a video message claiming DSJ Exchange was preparing for an initial public offering and demanding users pay a mandatory 12% 'tax' on their account balances within a five-day window (approximately May 2–6, 2026). This advance-fee fraud tactic — requiring additional payment to unlock funds that had already been stolen — is a documented terminal phase of Ponzi exit scams. Community warnings from affected users urged others not to pay, stating the funds were already gone. Withdrawal access had been progressively restricted in the weeks preceding the collapse. On April 23, 2026, U.S. law enforcement seized the primary domain bgwealthsharing.com through a joint operation involving the Department of Justice, the FBI, the U.S. Secret Service, and the Scam Center Strike Force. The domain now displays a federal seizure notice. At this point the scheme had been running for approximately twelve months despite warnings from thirteen regulators across five continents.","heading":"Collapse and Exit Scam Mechanics","severity":"critical","sources":[{"credibility":2,"name":"BitPinas: BG Wealth Collapses in Apparent 'Rug Pull' as US Authorities Seize Website","type":"news_article","url":"https://bitpinas.com/regulation/bg-wealth-collapses/"},{"credibility":2,"name":"crypto.news: U.S. seizes BG Wealth Sharing domain after $150M crypto scam claims","type":"news_article","url":"https://crypto.news/u-s-seizes-bg-wealth-sharing-domain-after-150m-crypto-scam-claims/"},{"credibility":2,"name":"FinanceFeeds: Crypto Ponzi Scheme BG Wealth Sharing Sees $41M Frozen After $150M Losses","type":"news_article","url":"https://financefeeds.com/bg-wealth-sharing-ponzi-domain-seized-41m-frozen/"},{"credibility":2,"name":"BehindMLM: FBI seizes BG Wealth Sharing's original website domain","type":"news_article","url":"https://behindmlm.com/companies/click-a-button-app-ponzis/fbi-seizes-bg-wealth-sharings-original-website-domain/"}]},{"content":"Between April 27 and May 3, 2026 — the seven days following the domain seizure — operators laundered over $92 million across Ethereum and Tron networks in a multi-step cross-chain operation. On-chain investigator ZachXBT mapped the laundering flows: funds were moved from DSJ and BG Wealth hot wallets through Tokenlon token swaps, cross-chain bridges including Bridgers and Butter Network, USDT0 bridging, and wrapping and unwrapping of USDD. The funds were consolidated across hundreds of intermediate wallet addresses before being deposited into Cobo, a digital asset custody provider (approximately $63 million), and OKX (approximately $30 million). ZachXBT coordinated with Tether, the Binance Security Team, OKX, and U.S. law enforcement to trace and freeze the laundered assets. On May 4, 2026, Tether blacklisted 19 TRON addresses associated with the operation, freezing $38.4 million in USDT, including one address holding approximately $9.4 million and multiple addresses holding $1–2 million each. An additional $3.1 million was frozen across various exchanges and services, bringing the total frozen amount to $41.5 million. Approximately $50+ million in laundered funds remained unrecovered as of the time of reporting.","heading":"Money Laundering Operation","severity":"critical","sources":[{"credibility":2,"name":"CryptoTimes: Tether Freezes $38M USDT After $150M DSJ Ponzi Collapse: ZachXBT","type":"news_article","url":"https://www.cryptotimes.io/2026/05/05/tether-freezes-38m-usdt-after-150m-dsj-ponzi-collapse-zachxbt/"},{"credibility":2,"name":"Blockonomi: $150M DSJ Exchange Ponzi Scheme Collapses; $41.5M Frozen After Multi-Chain Laundering","type":"news_article","url":"https://blockonomi.com/150m-dsj-exchange-ponzi-scheme-collapses-41-5m-frozen-after-multi-chain-laundering/"},{"credibility":2,"name":"RootData: ZachXBT $150 million DSJ Ponzi scheme collapse, $92 million cross-chain money laundering, $41.5 million frozen","type":"on_chain","url":"https://www.rootdata.com/news/629630"},{"credibility":2,"name":"Bitcoinist: ZachXBT: $150M DSJ Crypto Ponzi Collapses, $41.5M Frozen","type":"news_article","url":"https://bitcoinist.com/zachxbt-150m-dsj-crypto-ponzi-collapses/"},{"credibility":1,"name":"TradingView/CoinTelegraph: Law enforcement freezes $41M connected to $150M crypto Ponzi collapse","type":"news_article","url":"https://www.tradingview.com/news/cointelegraph:8c6d1d226094b:0-law-enforcement-freezes-41m-connected-to-150m-crypto-ponzi-collapse/"}]},{"content":"On April 23, 2026, the U.S. Department of Justice unsealed criminal charges — wire fraud conspiracy — against two Chinese nationals, Huang Xingshan (also known as Ah Zhe) and Jiang Wen Jie (also known as Jiang Nan), announced by U.S. Attorney for the District of Columbia Jeanine Pirro. The charges relate to their alleged roles managing the Shunda forced labor compound in Min Let Pan, Myanmar (Burma), which operated from at least January 2025 until approximately November 2025, when it was seized by the Karen National Liberation Army. According to DOJ, workers within the compound were trafficked individuals held against their will and forced to execute investment fraud scripts targeting Americans. Huang Xingshan allegedly served as a high-level manager who personally participated in physically punishing workers; Jiang Wen Jie allegedly supervised teams targeting American victims, with one person under his supervision defrauding a single American of over $3 million. Both were arrested in Thailand on immigration charges and remain in Thai custody pending extradition proceedings. The domain seizure of bgwealthsharing.com on the same date was carried out under Operation Level Up and the Scam Center Strike Force. Operation Level Up, a broader FBI-led operation, resulted in the seizure of 503 fraudulent domains, the restraint of $701.9 million in cryptocurrency, 276 arrests across nine scam compounds, and direct notification of approximately 9,000 victims — 77% of whom were reportedly unaware they had been defrauded. Separate reporting indicates the operation extended to compound locations in Cambodia, with BG Wealth Sharing alleged to have continued operations there after the Myanmar compound was disrupted.","heading":"Law Enforcement Actions and Criminal Charges","severity":"critical","sources":[{"credibility":1,"name":"Yahoo News / DOJ: DOJ charges 2 Chinese nationals who allegedly ran overseas cryptocurrency scam center targeting Americans","type":"regulatory","url":"https://www.yahoo.com/news/articles/doj-charges-2-chinese-nationals-181236149.html"},{"credibility":2,"name":"Fox News: DOJ charges 2 Chinese nationals allegedly ran overseas cryptocurrency scam center","type":"news_article","url":"https://www.foxnews.com/politics/doj-charges-2-chinese-nationals-allegedly-ran-overseas-cryptocurrency-scam-center-targeting-americans"},{"credibility":1,"name":"The Boston Globe: US charges two Chinese nationals over Myanmar crypto scam hub","type":"news_article","url":"https://www.bostonglobe.com/2026/04/23/wires/us-charges-two-chinese-nationals-myanmar-crypto-scam-hub/"},{"credibility":2,"name":"The Hacker News: Global Crackdown Arrests 276, Shuts 9 Crypto Scam Centers, Seizes $701M","type":"news_article","url":"https://thehackernews.com/2026/05/global-crackdown-arrests-276-shuts-9.html"},{"credibility":2,"name":"BehindMLM: BG Wealth Sharing operating from Cambodia, arrests reveal","type":"news_article","url":"https://behindmlm.com/companies/click-a-button-app-ponzis/bg-wealth-sharing-operating-from-cambodia-arrests-reveal/"}]},{"content":"Thirteen regulators across five continents issued public fraud warnings about DSJEX and BG Wealth Sharing before the scheme's collapse. The UK Financial Conduct Authority (FCA) was among the first, publishing a warning in May 2025 stating DSJ Exchange (dsjex.net) was not authorized and may be providing financial services without permission, listing a fraudulent London address at 6 Bevis Marks, EC3A 7BA, and Telegram contacts @BG_Stephen and @Elena1992818. New Zealand's Financial Markets Authority (FMA) issued an initial warning on April 25, 2025, updated in November 2025 and again in April 2026; the FMA ultimately linked the scheme to 813 websites and 30 entities under the TXEX network umbrella. The National Reserve Bank of Tonga issued a warning in December 2025. The British Columbia Securities Commission (BCSC) and Canadian Securities Administrators issued alerts in January 2026, followed by the Alberta Securities Commission (ASC) in February 2026 and Saskatchewan's Financial and Consumer Affairs Authority in March 2026. The Philippines Securities and Exchange Commission issued an advisory on January 28, 2026, classifying BG Wealth Sharing as unregistered and operating a Ponzi scheme targeting overseas Filipino workers. Australia's ASIC, Utah Division of Securities, and Washington State Department of Financial Institutions issued alerts in early 2026, with Washington's DFI filing updated alerts on May 4 and May 15, 2026. The Central Bank of Samoa also issued a warning. The scheme continued accepting new deposits throughout this period, operating through rotating domains and shell entities despite the public alerts.","heading":"Regulatory Warnings (Pre-Collapse)","severity":"high","sources":[{"credibility":1,"name":"UK FCA: DSJ Exchange / dsjex.net warning","type":"regulatory","url":"https://www.fca.org.uk/news/warnings/dsj-exchange-dsjexnet"},{"credibility":1,"name":"New Zealand FMA: High risk scam targeting communities in Tonga and in New Zealand","type":"regulatory","url":"https://www.fma.govt.nz/news/all-releases/media-releases/scam-targeting-tonga-and-nz/"},{"credibility":1,"name":"Utah Division of Securities / commerce.utah.gov: Investor Alert — BG Wealth Sharing LTD","type":"regulatory","url":"https://commerce.utah.gov/2026/03/10/investor-alert-canadian-regulators-warn-about-bg-wealth-sharing-ltd/"},{"credibility":1,"name":"Washington State DFI: Alleged investment group BG Wealth Sharing LTD and cryptocurrency trading platform DSJ Exchange PTY Ltd may be fraudulent","type":"regulatory","url":"https://dfi.wa.gov/alerts/alleged-investment-group-bg-wealth-sharing-ltd-and-cryptocurrency-trading-platform-dsj"},{"credibility":1,"name":"Yahoo Finance / Alberta Securities Commission: Investor Alert — ASC warns public about suspected investment scheme called BG Wealth Sharing","type":"regulatory","url":"https://finance.yahoo.com/news/investor-alert-asc-warns-public-160000249.html"},{"credibility":2,"name":"BitPinas: Philippines SEC Issues Advisory Against BG Wealth Sharing Ltd.","type":"regulatory","url":"https://bitpinas.com/regulation/sec-bg-wealth-advisory/"},{"credibility":2,"name":"CryptoTimes: How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators","type":"news_article","url":"https://www.cryptotimes.io/2026/05/07/how-dsj-exchange-operated-for-12-months-despite-warnings-from-13-regulators/"}]},{"content":"Investigative reporting and DOJ filings indicate the DSJEX/BG Wealth Sharing operation was sustained in part by trafficked labor at the Shunda compound in Min Let Pan, Myanmar. The U.S. Secret Service identified more than 20,000 victims across 30 countries connected to the broader scam network. Workers at the Shunda compound were allegedly stripped of identification documents and held against their will, forced to execute fraud scripts under threat of violence. The compound operated from at least January 2025 until approximately November 2025, when it was seized by the Karen National Liberation Army of Burma. Operators Huang Xingshan and Jiang Wen Jie allegedly relocated to Cambodia and continued operations, with BG Wealth Sharing cited as one such continued operation. The scheme's affinity fraud targeting of Tongan, Filipino, and other diaspora communities — combined with the use of Westernized fake personas such as 'Kevin Smith,' 'Victoria,' and 'Professor Stephen Beard' — is consistent with documented 'pig butchering' scam methodologies attributed to Southeast Asian scam compound operations.","heading":"Human Trafficking and Forced Labor","severity":"critical","sources":[{"credibility":1,"name":"Yahoo News / DOJ: DOJ charges 2 Chinese nationals who allegedly ran overseas cryptocurrency scam center targeting Americans","type":"regulatory","url":"https://www.yahoo.com/news/articles/doj-charges-2-chinese-nationals-181236149.html"},{"credibility":2,"name":"CryptoTimes: How the 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/"},{"credibility":2,"name":"The Irrawaddy: Myanmar 'Remains Focus' of U.S. Anti-Scam Operations","type":"news_article","url":"https://www.irrawaddy.com/news/burma/myanmar-remains-focus-of-u-s-anti-scam-operations.html"}]},{"content":"Following the collapse, operators did not cease activity but pivoted to redirect burned investors into successor platforms. Within days of the scheme's collapse, new platform names began circulating in the same Telegram and BonChat channels where victims had sought help. Two successor platforms have been identified: HQI Exchange (HQIEX) and Swift Wave Capital (also operating as VCEX / Value Chain). The Washington State DFI updated its alert on May 15, 2026 to specifically warn that investors were being told to deposit more funds to 'move' their accounts to HQI Exchange. Swift Wave Capital documentation appeared as early as March 2026, before the main DSJ collapse, suggesting pre-planned continuity. These platforms share near-identical mechanics with DSJEX: simulated daily yields of 1–3%, MLM referral tiers via Telegram and BonChat, withdrawal blocks requiring upfront taxes or KYC deposits, and recently registered lookalike domains. Promoters who recruited for BG Wealth Sharing and DSJ Exchange have been identified in groups promoting both successor platforms. Whether wallet-level or corporate links connect these platforms directly to the unfrozen DSJ-linked clusters had not been publicly confirmed as of mid-May 2026. Investigators also warned of secondary 'recovery scams,' where perpetrators posed as law enforcement or asset recovery specialists demanding cryptocurrency upfront to 'unlock' frozen funds.","heading":"Post-Collapse Rebranding and Victim Redirection","severity":"high","sources":[{"credibility":2,"name":"CryptoTimes: How BG Wealth and DSJ Exposed New Pipeline Model Behind 2026 Crypto Fraud","type":"news_article","url":"https://www.cryptotimes.io/2026/05/16/bg-wealth-dsj-swift-wave-crypto-pipeline/"},{"credibility":1,"name":"Washington State DFI: Alleged investment group BG Wealth Sharing LTD and cryptocurrency trading platform DSJ Exchange PTY Ltd may be fraudulent","type":"regulatory","url":"https://dfi.wa.gov/alerts/alleged-investment-group-bg-wealth-sharing-ltd-and-cryptocurrency-trading-platform-dsj"},{"credibility":2,"name":"BehindMLM: FBI Seizes BG Wealth Sharing Domain — But the Scam Already Packed Up and Moved Next Door","type":"news_article","url":"https://jessesingh.org/fbi-seizes-bg-wealth-sharing-domain/"}]},{"content":"DSJEX and BG Wealth Sharing made several documented false claims to create an appearance of legitimacy. The entities falsely represented regulatory compliance by filing Form ADV and Form D with U.S. regulators — filings that, as Washington State DFI explicitly noted, 'are not an indication of registration' and do not constitute authorization to solicit investments. The companies were incorporated in Colorado with addresses that do not correspond to legitimate business premises. BG Wealth Sharing provided a generic PostNet mailbox address; DSJ Exchange used a temporary office rental space address. A fictitious London address (6 Bevis Marks, EC3A 7BA) was used in UK-facing materials flagged by the FCA. The CEO persona 'Professor Stephen Beard' was fabricated, with no verifiable individual of that identity associated with the scheme. Early withdrawal of small amounts was permitted to build investor confidence before the withdrawal gates were progressively closed. The scheme cycled through at least a dozen documented domains to evade regulatory takedowns, and the broader TXEX network it is linked to encompassed over 800 websites.","heading":"Fraudulent Identity and False Regulatory Claims","severity":"high","sources":[{"credibility":1,"name":"Washington State DFI: Alleged investment group BG Wealth Sharing LTD and cryptocurrency trading platform DSJ Exchange PTY Ltd may be fraudulent","type":"regulatory","url":"https://dfi.wa.gov/alerts/alleged-investment-group-bg-wealth-sharing-ltd-and-cryptocurrency-trading-platform-dsj"},{"credibility":1,"name":"UK FCA: DSJ Exchange / dsjex.net warning","type":"regulatory","url":"https://www.fca.org.uk/news/warnings/dsj-exchange-dsjexnet"},{"credibility":2,"name":"SilverMillerLaw: BG Wealth Sharing LTD and DSJ Exchange Under Scrutiny for Alleged Crypto Scam","type":"other","url":"https://www.silvermillerlaw.com/blog/bg-wealth-sharing-ltd-and-dsj-exchange-under-scrutiny-for-alleged-crypto-scam/"},{"credibility":1,"name":"CoinTelegraph: How a fake crypto exchange reportedly attracted $150M before collapsing","type":"news_article","url":"https://cointelegraph.com/learn/how-dsjex-reportedly-attracted-150m"}]}],"sources_used":[{"credibility":1,"name":"Washington State DFI: BG Wealth Sharing / DSJ Exchange alert","type":"regulatory","url":"https://dfi.wa.gov/alerts/alleged-investment-group-bg-wealth-sharing-ltd-and-cryptocurrency-trading-platform-dsj"},{"credibility":1,"name":"UK FCA: DSJ Exchange / dsjex.net warning","type":"regulatory","url":"https://www.fca.org.uk/news/warnings/dsj-exchange-dsjexnet"},{"credibility":1,"name":"Utah / commerce.utah.gov: Investor Alert — BG Wealth Sharing LTD","type":"regulatory","url":"https://commerce.utah.gov/2026/03/10/investor-alert-canadian-regulators-warn-about-bg-wealth-sharing-ltd/"},{"credibility":1,"name":"Yahoo Finance / Alberta Securities Commission: Investor Alert — BG Wealth Sharing","type":"regulatory","url":"https://finance.yahoo.com/news/investor-alert-asc-warns-public-160000249.html"},{"credibility":1,"name":"Yahoo News / DOJ: DOJ charges 2 Chinese nationals — cryptocurrency scam center","type":"regulatory","url":"https://www.yahoo.com/news/articles/doj-charges-2-chinese-nationals-181236149.html"},{"credibility":1,"name":"The Boston Globe: US charges two Chinese nationals over Myanmar crypto scam hub","type":"news_article","url":"https://www.bostonglobe.com/2026/04/23/wires/us-charges-two-chinese-nationals-myanmar-crypto-scam-hub/"},{"credibility":1,"name":"CoinTelegraph: How a fake crypto exchange reportedly attracted $150M before collapsing","type":"news_article","url":"https://cointelegraph.com/learn/how-dsjex-reportedly-attracted-150m"},{"credibility":1,"name":"TradingView/CoinTelegraph: Law enforcement freezes $41M connected to $150M crypto Ponzi collapse","type":"news_article","url":"https://www.tradingview.com/news/cointelegraph:8c6d1d226094b:0-law-enforcement-freezes-41m-connected-to-150m-crypto-ponzi-collapse/"},{"credibility":2,"name":"Blockonomi: $150M DSJ Exchange Ponzi Scheme Collapses; $41.5M Frozen After Multi-Chain Laundering","type":"news_article","url":"https://blockonomi.com/150m-dsj-exchange-ponzi-scheme-collapses-41-5m-frozen-after-multi-chain-laundering/"},{"credibility":2,"name":"CryptoTimes: Tether Freezes $38M USDT After $150M DSJ Ponzi Collapse","type":"news_article","url":"https://www.cryptotimes.io/2026/05/05/tether-freezes-38m-usdt-after-150m-dsj-ponzi-collapse-zachxbt/"},{"credibility":2,"name":"CryptoTimes: How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators","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":"CryptoTimes: $150M TXEX-DSJ Empire Exposed: 813 Fake Sites, Human Trafficking Camps, 276 Arrests","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":"CryptoTimes: How BG Wealth and DSJ Exposed New Pipeline Model Behind 2026 Crypto Fraud","type":"news_article","url":"https://www.cryptotimes.io/2026/05/16/bg-wealth-dsj-swift-wave-crypto-pipeline/"},{"credibility":2,"name":"BitPinas: BG Wealth Collapses in Apparent Rug Pull as US Authorities Seize Website","type":"news_article","url":"https://bitpinas.com/regulation/bg-wealth-collapses/"},{"credibility":2,"name":"BitPinas: Philippines SEC Issues Advisory Against BG Wealth Sharing","type":"regulatory","url":"https://bitpinas.com/regulation/sec-bg-wealth-advisory/"},{"credibility":2,"name":"Bitcoinist: ZachXBT $150M DSJ Crypto Ponzi Collapses, $41.5M Frozen","type":"news_article","url":"https://bitcoinist.com/zachxbt-150m-dsj-crypto-ponzi-collapses/"},{"credibility":2,"name":"Cryptopolitan: $150m DSJEX crypto Ponzi scheme collapses, team freezes $41.5m","type":"news_article","url":"https://www.cryptopolitan.com/150m-dsjex-crypto-ponzi-scheme-collapses/"},{"credibility":2,"name":"RootData: ZachXBT $150 million DSJ Ponzi scheme collapse, $92 million cross-chain money laundering","type":"on_chain","url":"https://www.rootdata.com/news/629630"},{"credibility":2,"name":"FinanceFeeds: Crypto Ponzi Scheme BG Wealth Sharing Sees $41M Frozen After $150M Losses","type":"news_article","url":"https://financefeeds.com/bg-wealth-sharing-ponzi-domain-seized-41m-frozen/"},{"credibility":2,"name":"crypto.news: U.S. seizes BG Wealth Sharing domain after $150M crypto scam claims","type":"news_article","url":"https://crypto.news/u-s-seizes-bg-wealth-sharing-domain-after-150m-crypto-scam-claims/"},{"credibility":2,"name":"The Hacker News: Global Crackdown Arrests 276, Shuts 9 Crypto Scam Centers, Seizes $701M","type":"news_article","url":"https://thehackernews.com/2026/05/global-crackdown-arrests-276-shuts-9.html"},{"credibility":2,"name":"The Irrawaddy: Myanmar Remains Focus of U.S. Anti-Scam Operations","type":"news_article","url":"https://www.irrawaddy.com/news/burma/myanmar-remains-focus-of-u-s-anti-scam-operations.html"},{"credibility":2,"name":"BehindMLM: BG Wealth Sharing & DSJEX fraud warning from Washington","type":"community_report","url":"https://behindmlm.com/companies/click-a-button-app-ponzis/bg-wealth-sharing-dsjex-fraud-warning-from-washington/"},{"credibility":2,"name":"BehindMLM: BG Wealth Sharing operating from Cambodia, arrests reveal","type":"news_article","url":"https://behindmlm.com/companies/click-a-button-app-ponzis/bg-wealth-sharing-operating-from-cambodia-arrests-reveal/"},{"credibility":2,"name":"SilverMillerLaw: BG Wealth Sharing LTD and DSJ Exchange Under Scrutiny","type":"other","url":"https://www.silvermillerlaw.com/blog/bg-wealth-sharing-ltd-and-dsj-exchange-under-scrutiny-for-alleged-crypto-scam/"},{"credibility":2,"name":"Dehek: DSJEX: The Fake Crypto Exchange Behind BG Wealth Sharing","type":"research","url":"https://www.dehek.com/general/anti-mlm-cults/dsjex-the-fake-crypto-exchange-behind-bg-wealth-sharing/"},{"credibility":2,"name":"Fox News: DOJ charges 2 Chinese nationals allegedly ran overseas cryptocurrency scam center","type":"news_article","url":"https://www.foxnews.com/politics/doj-charges-2-chinese-nationals-allegedly-ran-overseas-cryptocurrency-scam-center-targeting-americans"}],"summary":"DSJEX (DSJ Exchange PTY Ltd) and its sister recruitment platform BG Wealth Sharing LTD operated for approximately twelve months as a coordinated fake AI trading platform and multi-level marketing Ponzi scheme, collapsing in late April and early May 2026 with estimated investor losses exceeding $150 million. The scheme attracted victims through promises of 1.3%–2.6% daily returns, a fabricated CEO persona, and MLM referral commissions, while operators ran simulated trading on a fraudulent backend. Following a U.S. domain seizure and law enforcement action on April 23, 2026, operators laundered over $92 million across Ethereum and Tron before a coordinated effort by on-chain investigator ZachXBT, Tether, Binance, OKX, and U.S. law enforcement froze $41.5 million in stolen funds.","timeline":[{"date":"2025-01-01","event":"BG Wealth Sharing and DSJ Exchange begin operations, offering 1.3%–2.6% daily returns through alleged AI trading signals. Scheme linked to Shunda compound operations in Myanmar.","source":"CryptoTimes: How DSJ Exchange Operated for 12 Months","source_url":"https://www.cryptotimes.io/2026/05/07/how-dsj-exchange-operated-for-12-months-despite-warnings-from-13-regulators/"},{"date":"2025-04-25","event":"New Zealand Financial Markets Authority issues initial warning about scam targeting Tongan communities, listing associated websites under the TXEX network.","source":"New Zealand FMA Media Release","source_url":"https://www.fma.govt.nz/news/all-releases/media-releases/scam-targeting-tonga-and-nz/"},{"date":"2025-05-07","event":"UK Financial Conduct Authority publishes warning that DSJ Exchange (dsjex.net) is not authorized and may be providing financial services or products without FCA permission.","source":"FCA Warning: DSJ Exchange / dsjex.net","source_url":"https://www.fca.org.uk/news/warnings/dsj-exchange-dsjexnet"},{"date":"2025-11-01","event":"Shunda compound in Min Let Pan, Myanmar — alleged forced labor operation supporting TXEX/DSJ scam networks — is seized by the Karen National Liberation Army.","source":"DOJ charges / Yahoo News","source_url":"https://www.yahoo.com/news/articles/doj-charges-2-chinese-nationals-181236149.html"},{"date":"2025-12-01","event":"National Reserve Bank of Tonga issues a public warning identifying BG Wealth Sharing / DSJEX as a fraudulent investment platform targeting Tongan communities.","source":"CryptoTimes: How DSJ Exchange Operated for 12 Months","source_url":"https://www.cryptotimes.io/2026/05/07/how-dsj-exchange-operated-for-12-months-despite-warnings-from-13-regulators/"},{"date":"2026-01-01","event":"British Columbia Securities Commission and Canadian Securities Administrators issue investor alerts about BG Wealth Sharing.","source":"CryptoTimes: How DSJ Exchange Operated for 12 Months","source_url":"https://www.cryptotimes.io/2026/05/07/how-dsj-exchange-operated-for-12-months-despite-warnings-from-13-regulators/"},{"date":"2026-01-28","event":"Philippines Securities and Exchange Commission (Butuan Extension Office) issues advisory classifying BG Wealth Sharing LTD as an unregistered entity operating a Ponzi scheme, specifically targeting overseas Filipino workers.","source":"BitPinas: Philippines SEC Issues Advisory Against BG Wealth Sharing","source_url":"https://bitpinas.com/regulation/sec-bg-wealth-advisory/"},{"date":"2026-02-01","event":"Alberta Securities Commission issues investor alert warning about BG Wealth Sharing.","source":"Yahoo Finance / Alberta Securities Commission","source_url":"https://finance.yahoo.com/news/investor-alert-asc-warns-public-160000249.html"},{"date":"2026-03-01","event":"Swift Wave Capital (VCEX / Value Chain) documentation begins circulating, suggesting pre-planned successor platform before DSJ collapse. Saskatchewan Financial and Consumer Affairs Authority issues warning.","source":"CryptoTimes: New Pipeline Model Behind 2026 Crypto Fraud","source_url":"https://www.cryptotimes.io/2026/05/16/bg-wealth-dsj-swift-wave-crypto-pipeline/"},{"date":"2026-04-10","event":"Washington State Department of Financial Institutions issues alert warning investors that BG Wealth Sharing and DSJ Exchange may be perpetrating 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. Department of Justice, FBI, Secret Service, and Scam Center Strike Force seize bgwealthsharing.com domain under Operation Level Up. DOJ simultaneously unseals wire fraud conspiracy charges against Huang Xingshan and Jiang Wen Jie for operating forced labor scam compound in Myanmar.","source":"Yahoo News / DOJ announcement","source_url":"https://www.yahoo.com/news/articles/doj-charges-2-chinese-nationals-181236149.html"},{"date":"2026-04-27","event":"Operators begin laundering over $92 million from DSJ and BG Wealth hot wallets across Ethereum and Tron networks, using Tokenlon, Bridgers, Butter Network, and USDT0 bridges, consolidating through hundreds of addresses into Cobo (~$63M) and OKX (~$30M).","source":"Blockonomi: $150M DSJ Exchange Ponzi Scheme Collapses","source_url":"https://blockonomi.com/150m-dsj-exchange-ponzi-scheme-collapses-41-5m-frozen-after-multi-chain-laundering/"},{"date":"2026-05-02","event":"Stephen Beard releases video demanding a 12% 'tax' on user account balances within five days (May 2–6) under the pretext of an IPO and regulatory compliance — the scheme's exit scam phase.","source":"BitPinas: BG Wealth Collapses","source_url":"https://bitpinas.com/regulation/bg-wealth-collapses/"},{"date":"2026-05-03","event":"Laundering operation concludes. Platform goes fully offline. Estimated total investor losses exceed $150 million.","source":"Blockonomi: $150M DSJ Exchange Ponzi Scheme Collapses","source_url":"https://blockonomi.com/150m-dsj-exchange-ponzi-scheme-collapses-41-5m-frozen-after-multi-chain-laundering/"},{"date":"2026-05-04","event":"Tether blacklists 19 TRON addresses associated with the laundering operation, freezing $38.4 million in USDT. Additional $3.1 million frozen across other services and exchanges. Total frozen: $41.5 million.","source":"CryptoTimes: Tether Freezes $38M USDT After $150M DSJ Ponzi Collapse","source_url":"https://www.cryptotimes.io/2026/05/05/tether-freezes-38m-usdt-after-150m-dsj-ponzi-collapse-zachxbt/"},{"date":"2026-05-05","event":"On-chain investigator ZachXBT publicly announces the collapse of DSJEX/BG Wealth Sharing, documenting the $150M+ loss estimate, the $92M laundering operation, and the $41.5M freeze.","source":"Bitcoinist: ZachXBT $150M DSJ Crypto Ponzi Collapses","source_url":"https://bitcoinist.com/zachxbt-150m-dsj-crypto-ponzi-collapses/"},{"date":"2026-05-15","event":"Washington State DFI updates its alert to warn that victims are being redirected to HQI Exchange (HQIEX) and asked to deposit additional funds to transfer their accounts.","source":"Washington State DFI Alert (updated)","source_url":"https://dfi.wa.gov/alerts/alleged-investment-group-bg-wealth-sharing-ltd-and-cryptocurrency-trading-platform-dsj"},{"date":"2026-05-16","event":"CryptoTimes publishes investigation documenting the pipeline model — same promoters now pushing Swift Wave Capital and HQI Exchange in the same Telegram and BonChat channels previously used for DSJEX/BG Wealth recruitment.","source":"CryptoTimes: How BG Wealth and DSJ Exposed New Pipeline Model","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 f21d5527-4263-4581-b39a-1779afc70021copy