NewsBTC •
May 6, 2026 at 07:20 •
Analysis
On-chain detective ZachXBT has shared details of the massive crypto Ponzi scheme that took over $150 million from unsuspecting victims before collapsing last week. Related Reading: Bitcoin Targets $86,000 After Key EMA Reclaim: Is The Next Rally Here? The Mechanics Behind The $150M Crypto Ponzi In a series of X posts, ZachXBT unveiled the details of a Ponzi scheme that had been operating under the DSJ Exchange (DSJEX), a fake trading platform, and BG Wealth Sharing, a fraudulent investment scheme, since 2025. The scam involved a fake CEO named Stephen Beard, a self-proclaimed professor who represented the platform to the public. According to the Tuesday thread, DSJEX and BG Wealth advertised daily returns of 1.3%–2.6%, with referral commissions and rank-based bonuses...
