Cryptocurrency Ponzi Scheme DSJ Exchange Collapses After Accumulating $150M

A cryptocurrency-based Ponzi scheme called DSJ Exchange (DSJEX) and BG Wealth Sharing has been shut down after accumulating over $150 million from victims.

The scheme, which operated since 2025, used a complex layering approach to launder funds across multiple blockchain networks. This involved using token swaps, cross-chain bridging, wrapping, and unwrapping of USDD tokens, as well as hundreds of wallet addresses to consolidate the stolen assets.

ZachXBT, an on-chain investigator, led a coordinated effort with Tether, Binance Security Team, OKX, and US law enforcement to freeze over $41.5 million in stolen funds. The investigation revealed that the scheme had been active for several months, with thousands of victim exchange withdrawals already identified on-chain.

Victims have been advised to file police reports in their respective jurisdictions, with US-based victims directed to submit reports through ic3.gov.