DSJEX / BG Wealth Sharing Ponzi
Summary
DSJEX (DSJ Exchange PTY Ltd) and BG Wealth Sharing Ltd operated as a coordinated Ponzi scheme from approximately January 2025 through early May 2026, defrauding an estimated $150 million from investors worldwide by promising 1.3–2.6% daily returns through fabricated AI trading signals. The operation laundered over $92 million cross-chain in a single week before a coordinated response by ZachXBT, Tether, Binance, OKX, and U.S. law enforcement froze $41.5 million. The scheme is linked to a broader TXEX/Shunda compound network that used trafficked forced labor in Myanmar and Cambodia, and thirteen regulators across five continents had issued fraud warnings before the collapse.
Connected Entities
1 entities · 10 linked investigations- + 7 more
Timeline(17 events)
2025-01
BG Wealth Sharing Ltd and DSJ Exchange PTY Ltd launch operations, allegedly from a scam compound in Myanmar. Scheme begins recruiting via BonChat, WhatsApp, and Telegram using the fabricated 'Professor Stephen Beard' persona.
BehindMLM / CryptoTimes2025-04
New Zealand Financial Markets Authority issues its first warning about the broader TXEX network, which includes BG Wealth Sharing and DSJ Exchange.
New Zealand Financial Markets Authority2025-05
UK Financial Conduct Authority classifies DSJ Exchange as an unauthorized firm and issues a formal fraud warning.
How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes2025-08-20
New Zealand FMA publishes a formal standing warning page for the TXEX-linked network, listing over 500 associated domains including DSJ Exchange and BG Wealth Sharing variants.
New Zealand Financial Markets Authority2025-11
Shunda compound in Min Let Pan, Myanmar is seized by the Karen National Liberation Army. Operators Huang Xingshan and Jiang Wen Jie flee to Cambodia and allegedly resume BG Wealth operations there.
BG Wealth Sharing operating from Cambodia, arrests reveal — BehindMLM2025-12
Tonga's National Reserve Bank issues a formal fraud warning about BG Wealth Sharing.
How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes2026-01
British Columbia Securities Commission and Canadian Securities Administrators issue formal fraud warnings against BG Wealth Sharing and DSJ Exchange.
How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes2026-01-15
New Zealand FMA updates its TXEX warning to specifically flag BG Wealth Sharing Group as a separate listed entity.
New Zealand Financial Markets Authority2026-02
Alberta Securities Commission issues a fraud warning. Huang Xingshan and Jiang Wen Jie are arrested in Thailand on immigration charges.
How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes2026-03
Saskatchewan Financial and Consumer Affairs Authority issues a fraud warning. Australian ASIC and Philippine SEC also issue warnings in this period.
How DSJ Exchange Operated for 12 Months Despite Warnings from 13 Regulators — CryptoTimes2026-04-10
Washington State Department of Financial Institutions updates its formal warning, explicitly describing the operation as an advance fee scam.
Washington State DFI Alert2026-04-23
U.S. law enforcement seizes the primary domain bgwealthsharing.com under Operation Level Up and the Scam Center Strike Force. The DOJ simultaneously unseals wire fraud conspiracy charges against Huang Xingshan and Jiang Wen Jie. Operation Level Up restrains $701.9 million in affiliated cryptocurrency across the broader scam network and seizes 503 domains.
U.S. Department of Justice — Scam Center Strike Force press release2026-04-27
Operators begin the exit phase: withdrawals are blocked and cross-chain laundering begins. Over $92 million is laundered between April 27 and May 3, 2026 via Tokenlon swaps, Bridgers, Butter Network, USDT0, and USDD wrapping across Tron and Solana.
$92M stolen in a week — AMBCrypto2026-05-02
A video attributed to 'Professor Stephen Beard' is distributed, announcing a fictitious IPO and demanding a 12% tax on all account balances as a 'regulatory compliance fee,' signaling the final exit stage.
$41.5 Million Frozen: Inside the Takedown of the DSJ Exchange Ponzi Scheme — CryptoTimes2026-05-04
Tether freezes $38.4 million in USDT across 19 addresses following ZachXBT's coordinated disclosure to Tether, Binance, OKX, and U.S. law enforcement. An additional $3.1 million is frozen at other exchanges, bringing the total to $41.5 million.
$150m DSJEX crypto Ponzi scheme collapses, team freezes $41.5m — Cryptopolitan2026-05-05
ZachXBT publicly confirms the $41.5 million freeze and describes the coordination effort, estimating total victim losses at over $150 million.
ZachXBT: $150M DSJ Crypto Ponzi Collapses, $41.5M Frozen — Bitcoinist2026-05-16
CryptoTimes reports that promoters formerly associated with BG Wealth and DSJ Exchange are actively recruiting for alleged successor operations Swift Wave Capital and HQI Exchange using identical operational mechanics. Washington State DFI formally names HQI as a migration target.
How BG Wealth and DSJ Exposed the New Pipeline Model Behind 2026 Crypto Fraud — CryptoTimesDecision Log
- hash: 7AD9QUPouhhKke19mRVxDHt4ZF9Diws4CoEHtMsncWsu
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/21/2026, 5:26:00 PM
last updated: 6/21/2026, 5:26:13 PM
avoid.net — verified advice for a post-truth world