CROWDFUNDINSIDER · 2026-10-30 14:07 UTC

SEC Sues BG Wealth Sharing, DSJ Exchange for Crypto Fraud, Over $100 Million Pilfered

SEC sued BG Wealth Sharing Ltd and DSJ Exchange PTY Ltd for crypto fraud, alleging they promised risk-free trading with guaranteed 60% monthly returns using AI technology. The scheme collected over $130 million from March to June 2026 by falsely claiming SEC licensing and filing a Form D for a $100 million offering, promoted via social media and in-person road shows. Losses exceeded $100 million; the operation continued even after FBI seized the website in April 2026, with perpetrators blaming a Chinese hack and demanding additional taxes for withdrawals.

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