ZachXBT: $150M Ponzi Scheme Collapses; $41.5M Frozen Across Multiple Chains

Onchain investigator ZachXBT reported that the DSJ Exchange (DSJEX) / BG Wealth Sharing Ponzi scheme collapsed last week, with losses exceeding $150 million. From April 27 to May 3, more than $92 million in illicit funds was laundered across multiple chains to muddy the trail, including roughly $63 million routed to custody provider Cobo. ZachXBT said he worked with Tether, Binance's security team, OKX, and U.S. law enforcement, with over $41.5 million frozen to date.