Guavy AI Editorial TeamSentiment: -3Clout: 82

U.S. Authorities Seize BG Wealth Sharing Domain in Crypto Investment Scam Crackdown

U.S. authorities have taken control of the BG Wealth Sharing website following a suspected crypto investment scam that left users with significant financial losses.

The operation was linked to over $92 million in attempted transfers made by wallets tied to the group, with more than $41 million frozen through coordinated action involving U.S. law enforcement and major cryptocurrency exchanges such as Tether, Binance, and OKX.

According to on-chain investigator ZachXBT, the scheme may account for losses exceeding $150 million, citing activity traced back to 2025 and 'thousands of victim exchange withdrawals' identified through on-chain analysis.