PANews reported on May 5th that ZachXBT, a blockchain detective, revealed that the DSJ Exchange (DSJEX)/BG Wealth Sharing Ponzi scheme, involving over $150 million, collapsed last week. Between April 27th and May 3rd, over $92 million in illicit funds were laundered through cross-chain methods. Under ZachXBT's leadership, in conjunction with Tether, the Binance security team, OKX, and US law enforcement agencies, an operation was launched that has frozen approximately $41.5 million, including $38.4 million frozen by Tether on May 4th and approximately $3.1 million frozen by other platforms.

The project, which reportedly began operating in 2025, attracted users with promises of "1.3%–2.6% daily returns" through referral commissions and tiered rewards. DSJ has been accused of being a fraudulent trading platform, with BG acting as a supporting investment organization, and the alleged CEO "Stephen Beard" being a fictitious figure.

Investigations revealed that the project team evaded regulation by frequently changing domain names and hot wallets, and promoted fake trading signals through messaging applications. Before the collapse, the platform had suspended withdrawals and demanded a 12% "tax" from users under the pretext of an "imminent IPO."

In terms of fund flows, the addresses involved transferred assets through Tokenlon exchanges, cross-chain bridges (such as Bridgers and Butter Network), and stablecoin packaging/unpacking, ultimately flowing into multiple exchange addresses.

Currently, 13 regulatory agencies from five continents have issued risk warnings regarding the project. Analysts believe this incident once again highlights the crucial role of cross-chain tracking and multi-party collaboration in combating crypto fraud.