HQI Exchange
Summary
HQI Exchange (HQIEX) is an alleged advance-fee continuation scam formally identified by the Washington State Department of Financial Institutions in May 2026. It targets victims of the collapsed BG Wealth Sharing / DSJ Exchange Ponzi scheme, which involved an estimated $150 million in losses, by falsely claiming that frozen balances can be recovered by paying a new 'migration fee' of at least 100 USDT to activate an account on the new platform. No legitimate trading activity, disclosed ownership, or regulatory registration has been identified.
Connected Entities
1 entities · 10 linked investigationsTimeline(12 events)
2025-01-01
BG Wealth Sharing launches, promoting itself as 'the world's largest hedge fund' with a fictitious CEO persona 'Professor Stephen Beard'. DSJ Exchange serves as the associated trading platform.
BehindMLM / Washington State DFI2026-03-13
HQI Exchange domain hqiex.com and associated domains hqi2.com through hqi12.com are privately registered — while the BG Wealth / DSJ scheme is still active.
BehindMLM — HQI Exchange Review2026-04-01
Washington State DFI issues original fraud alert against BG Wealth Sharing LTD and DSJ Exchange PTY Ltd.
Washington State DFI2026-04-27
DSJ Exchange begins laundering approximately $92 million across Tron and Solana networks ahead of collapse.
Coinpedia / ZachXBT2026-04-27
FBI seizes bgwealthsharing.com under Operation Level Up. Operation produces 276 arrests across nine compounds and restrains over $701 million in connected cryptocurrency.
CryptoTimes2026-05-02
BG Wealth Sharing collapses. Operators have demanded a 12% 'IPO tax' on all account balances in a final exit-scam maneuver.
BehindMLM / CryptoTimes2026-05-03
Second batch of HQI Exchange domains (hqi15.com through hqi38.com) registered, expanding the platform's operational infrastructure.
BehindMLM — HQI Exchange Review2026-05-04
Tether freezes $38.4 million in USDT on TRON associated with DSJ Exchange operations. Total frozen assets reach $41.5 million across Tether, Binance, and OKX.
Coinpedia2026-05-04
Washington State DFI updates its BG Wealth / DSJ alert to address advance fee scam allegations, noting victims were unable to withdraw even after paying the 12% tax.
Washington State DFI2026-05-15
Washington State DFI issues a third update to its alert, formally naming HQI Exchange as the platform to which BG Wealth victims are being directed and warning against depositing further funds.
Washington State DFI2026-05-16
CryptoTimes publishes analysis of the BG Wealth / DSJ / HQI pipeline model, identifying a seven-stage fraud replication pattern and naming HQI Exchange and Swift Wave Capital as active successor platforms.
CryptoTimes2026-05-18
Alleged deadline given to BG Wealth victims: pay 100 USDT migration fee to HQI Exchange by this date or lose access to frozen balances permanently.
BehindMLM — HQI Exchange fraud warning from WashingtonDecision Log
- hash: Bb87htzttrWStdmuekxBhPYLNawMVNeqZFQKMCoz1FsX
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 5/28/2026, 5:49:46 PM
last updated: 5/28/2026, 5:50:29 PM
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