US Authorities Freeze Assets Linked to Suspected Crypto Ponzi Scheme

US authorities have made a significant move to disrupt a suspected crypto Ponzi scheme, BG Wealth Sharing. The group is accused of stealing over $150 million from investors, with thousands of withdrawals identified since its operation began in 2025.

The operation was carried out as part of a joint action plan between Operation Level Up and the Scam Center Strike Force, which involved seizing the domain of BG Wealth Sharing. Onchain investigator ZachXBT played a crucial role in coordinating the effort with Tether, Binance, OKX, and the FBI.

The crypto scheme was suspected to be laundering over $92 million in cryptocurrencies between April 27 and May 4. However, thanks to the intervention of ZachXBT, authorities were able to freeze more than $41 million before it could be moved beyond their reach.