Crypto Scam BG Wealth Sharing Seized Amid Multi-Million Dollar Losses

A crackdown on cryptocurrency scams has led to the seizure of the domain of BG Wealth Sharing, a suspected investment scam that had been operating since at least 2025.

The scheme promised investors daily returns of 1.3% to 2.6%, referral bonuses, and rank-based rewards in exchange for their deposits.

However, officials had warned of red flags such as requiring deposits before withdrawals were allowed, a tactic used by advance fee frauds.

A joint operation involving US law enforcement and on-chain investigators has managed to freeze over $41 million of the $92 million that was attempted to be moved between April 27 and May 3.