BG Wealth / DSJ UPDATE: $41.5M Frozen & The Scam Warning Signs

Added: 2026-05-09

[00:00:00]Ladies and gentlemen, what's good is L Franchise. Welcome to the Bros TV. And you know, usually on this channel, we talk things like culture and sports, but I feel like it's an obligation to when something like this comes across that, you know, we got to touch on it and help as many people as we can. We back talking about the BG Wealth Sharing Pro uh project. And we got big news today.

[00:00:22]And I know a lot of people don't want to believe stuff here on the internet, so I'm going to put this article up as I read it. And is is it's is it's over with, folks. It's over with. All right.

[00:00:33]So, $150 million DSJ exchange crypto Ponzi scheme collapses. Team freezes $41.5 million. All right.

[00:00:47]A crypto ponzi scheme operating under the name DSJ Exchange and BG Wealth Sharing collapsed last week. Zack XBT, man. is a renown blockchain onchain investigator. He was a part of the team responsible for coordinating an effort between Tether, the security team at Binance, OKX exchange and American law enforcement agencies to freeze assets worth $41.5 million. This this was a scam that started way back in 2025 and offered his investors a return between 1.3 and 2.6 six daily percent daily apart from referral and ranking bonuses.

[00:01:27]All right. Crypto scheme use fictitious CEO and rotating infrastructure. Now I'mma tell you something about the CEO like bro one you can tell how he types and you can tell from the videos that uh I've seen that he looks AI like as the person. But DSJ was a dummy trading platform while BG was an investment firm related to it. There was a dummy CEO called Steven Beard who was the face of the scam to the public. And there was a constant change of domain names and hot wallets. Bingo. Constant change of domain names. Their website, the BG wealth sharing website. If you go to the one um I think they made a new one, but the one previously it was seized. you you go to the website, it says seized and it has the FBI and other law enforcement agencies on the screen when you go there. There was a push for recruiting members and a fake trade signals in a group called Inbhat, a messaging app that originated from Hong Kong. The fact that the fraud entity created a fake identity for the leader used a rotating network of infrastructure and recruited via social media and made the scam hard to trace.

[00:02:37]All right. A total of 13 regulators in five continents. This is crazy. This big had issued public warnings against DSJ and BG prior to the collapse. That's that's facts because I saw a lot of that searching um the last month online. You know, I was like I'm hearing about I'm like, let me search let me search, you know, some negative feedback about it.

[00:02:58]You kind of got to be able to research both sides of it and be objective when you're doing that. The US authorities had also seized one of the sites BG WealthSharing. That's the one I'm referring to that says seized with the law enforcement um symbols on it. Used by scammers on April 23rd, 2026. So they seized this website on April 23rd, they were still running the IPO promotion. All right. Even after seizure, the scam operated for some time until withdraw until the withdrawal function was completely blocked. On May 2nd, 2026, a video purported to be filmed with Stephen Bird was uploaded saying DSJ will launch an initial public offering and require 12% of users account balances and taxes per regulations. Now, the initial public offering was actually before this, right? That was the two weeks in April that they was talking about the IPO.

[00:03:49]They said the 12% because of uh illegal activity by some of the members. So all the members would have to pay a 12% tax to get their funds. At this point, withdrawal of the money from the platform had stopped functioning.

[00:04:03]This good right here. Bad but good. Good news. 92 million laundered across chains in seven days. Between April 27 and May 3rd, 2026, illegals parties conducted over $92 million worth of transactions from DSJ to MBG hot wallets on multiple chains and exchanges. Now, I'm not just a expert in this lane on how to track wallets and things of that nature, but that was yesterday. Last night, I was kind of up for a while trying to track the track the wallets, the movement, you know, of the money and all the wallets I would come across, they had nothing in them. So, I'm like, ah, okay. They using uh decoy wallets and things of that nature, right? The elicit laundering techniques used includes token swap on tokine bridging through bridges butter network and USDT0 USDD wrap and unwrap and consolidating transactions on multiple wallet addresses.

[00:05:06]Zack XBT identified the transfer of more than 93 million in funds from the consolidations on multiple deposit addresses in a 7-day period. The biggest amount was D deposited into Coobo platform totaling 63 million throughout the week.

[00:05:22]All right, so this is good info. Crypto fraud targeted retail investors uh Zack XBT called DSJBG as part of a category of Chinese investment frauds that are obvious to the most experienced observers but deliberately designed to target retail investors through social media channels.

[00:05:42]He also noted that many users still appeared to be in denial about having been scammed.

[00:05:47]Check this out. I'm going to come back to that last point. Though $150 million figure cited across coverage of the scheme is described as the floor rather the ceiling. So it's at least $150 million.

[00:06:01]Right. All right.

[00:06:05]The I won't get to the denial part.

[00:06:09]Y'all look. This not one of them. I'm not one of those guys who you shouldn't have done this telling you what to do. I say this again, not telling you what to do with your money, right? But I think it's important that we recognize the signs of things like this. So, at the bare minimum, you know what you're getting into. So if you know what you're getting into and then whatever you invest, what you can withstand you, at least you know if you know what you're getting into that someday you're going to wake up and this is gone. What you thought you had is gone. So these numbers that we would members would see in the DSJ exchange, those not real numbers.

[00:06:54]That's not real money, right? This was a highly sophisticated play. And I always call it a play because some people who got in early enough actually saw a lot of money. I'm not necessarily one of those people, but so to them, they might not feel that it's a scam if they if you want $100,000 off this plate. You know what I'm saying? So that's why I call them plays. You know, I think we need to, you know, word it like that. But it it was it was signs throughout the whole situation. Think about when the DSJ exchange all the sites would go down, right? First you had the the screen where you could, you know, bypassing and going to the app when you getting the error message and then the sites you just start getting the white screen with fishing, you know, and it's like stuff like that.

[00:07:50]It's like that's not regular.

[00:07:52]That's not supposed to happen on legit platform. So, you got to kind of understand what's going on and then, you know, prepare yourself. Here's another thing that people have to be aware of.

[00:08:04]Hey, first, if you paid the 12%, you cooked. Sorry to tell you, but I got to be real with you.

[00:08:11]But if you didn't pay the 12% and you considered it, if you on the fence and you see this, don't don't do it. Don't do it. I don't care how many screenshots you see of people saying, "Hey, I think about this. I've saw people today saying that they paid their 12% and I've had I've had three withdrawals today. It's like no you haven't.

[00:08:34]It's no way. No you haven't. Like that's not even how the So now they have an expedited expedited withdrawal process.

[00:08:40]That's what's going on. Stuff like that is like bots and stuff like that or people in on the on the whole plate.

[00:08:47]Like that's that's not no that's not realistic. Now, this what you have to be aware of.

[00:08:56]Recovery scams are coming next, right?

[00:08:58]You might get a message from someone who's saying, "Hey, were you in BG? I can get your money back." They might claim they work for the government or law enforcement. And then they'll hit you with the pay this recovery fee and then we can release your funds. It's going it's it's going to be steps in this to get more and more money and more and more and now that's for sure scams, right? That's just what it is. More and more scams are going to come about and then you're going to have more and more people messaging you like people who've just commented on posts I've had maybe on YouTube or YouTube or Tik Tok. They show me their DM. It's it's flooded with people trying to get them into the next platform.

[00:09:40]I had a guy talking to me about um Exo Bit. Um what's the other one? New Wave.

[00:09:51]It's a few. It's a few. And forgive me for not knowing all the names, but if you see this going down, just know if you want to involve yourself, just know what it is. It's the same thing. It's not better than BG. It's just it's just under the radar. It's not as popular. And then eventually the same thing will happen.

[00:10:09]So, just know what you're getting into before you get into it. All right, before we get out of here today, let's go into some of these signs that, you know, were red flags that, you know, people ignore and then that maybe could help somebody in the ne next situation they get into. All right.

[00:10:25]First, this too good to be true. Too good to be normal.

[00:10:31]You're getting 1.3% a day, 2 every day promised or 2.6 a day promised every day. And if if the code if the if the trade fails, you get triple the amount.

[00:10:41]That's too good to be true.

[00:10:43]Second sign, like I said before, the site kept changing. One, the BG Wellsharing domain itself, but the the exchange site. It's like when you go to exchanges, it's it's it's the site. I go to Coinbase, it's Coinbase, Binance, Binance. Like it's it we not changing like this. And then it's for sure not changing to sites that have um nothing to do with the exchange in the name in the name of the site, right? Of the links, right? It it was, you know, at one point it was DSJ243, right? Or then it start being like I JTSN, like weird stuff for his links.

[00:11:23]Keep that in mind.

[00:11:26]Sign number three, too much control was in a group chat.

[00:11:31]If you got trading signals coming through a group chat, payment instructors, payment instruction and things of that nature come through the leaders, update come from senior members.

[00:11:42]Real financial platforms don't preend uh depend on a professor or a telegram group group chat or a bond chat, right?

[00:11:51]And another thing that people hopefully this is not you know this doesn't hurt people but in the verification process with BG you people are putting their ID and their faces next to their ID so they have that I you know you you got times when situations like this you have ident identity theft that occurs right all right um another sign four early withdrawals that builds the trust so when you got people, a group of people, a lot of people saying, "I was able to withdraw. I came up on a million dollars or, you know, whatever number, right?

[00:12:28]That builds trust to get the new members and get more and more people involved."

[00:12:32]What man, look, let's be real here. Once a certain class of people start getting into a platform, it's not even set up here. I I can speak for the US. It's not set up here for everybody to make money that easy. It's just not set up. You can make money. you can, but it's just not gonna be that easy for anybody to get on and, you know, be able to compound their money like that. It just doesn't work like that. So, let me know, man. Y'all, hey, y'all were real helpful in the comments. The last video sharing information. It's a community. I want to build a community, you know, for this topic, man. Let me know any news y'all here in the comments. Let each other know. Make sure you don't pay that 12%. SL Franchise Bros. TV. Till next