Foresight News reports that on-chain detective ZachXBT has revealed that the DSJ Exchange (DSJEX)/BG wealth-sharing Ponzi scheme collapsed last week, involving over $150 million. Between April 27 and May 3, related addresses laundered over $92 million through cross-chain methods. Collaborating with Tether, Binance's security team, OKX, and U.S. law enforcement, approximately $41.5 million has been frozen, including $38.4 million frozen by Tether and around $3.1 million from other platforms. Investigations indicate that the project has been operating since 2025, enticing users with high yields of 1.3% to 2.6% daily, and expanding through referral commissions and tiered rewards. The platform fabricated a CEO named "Stephen Beard," frequently changing domain names and hot wallets to evade regulation, while spreading false trading signals via social media. On May 2, the project claimed it would go for an IPO and demanded users to pay a 12% "tax," although the withdrawal function was already shut down.