$150M Crypto Ponzi Scheme Collapses After $41.5M in Assets Frozen

A massive crypto Ponzi scheme has come crashing down, leaving thousands of investors in its wake. DSJ Exchange (DSJEX) and BG Wealth Sharing, the two names under which the scam operated, have been shut down by regulators.

The scheme, which started in 2025, promised investors returns ranging from 1.3% to 2.6% daily, along with referral and ranking bonuses. However, investigators discovered that the operation was a rotating network of infrastructure, using fictitious CEO Stephen Beard as its public face.

A total of thirteen regulators across five continents had issued warnings against DSJEX and BG Wealth Sharing prior to their collapse. Despite these warnings, the scammers continued to operate until withdrawal functions were blocked on May 2, 2026.