Major Scam Alert: “BG Wealth Sharing” / “DSJ Exchange” (Crypto Investment Scheme)
IFW Global is currently investigating reports of a suspected investment scam involving “BG Wealth Sharing LTD” (BG Wealth) and a purported cryptocurrency trading platform called “DSJ Exchange PTY Ltd” (DSJ). Multiple regulators have issued public warnings after receiving complaints from investors, including reports of difficulty withdrawing funds.
What regulators are saying
The Washington State Department of Financial Institutions (DFI), Securities Division reported receiving several complaints about BG Wealth, which markets itself as “the world’s largest hedge fund,” and links the offering to a crypto platform called DSJ Exchange. The alert notes that the operation has used multiple website domains, such as bggp.vip, bg911.cc, and dsjex.net, and may continue launching new sites as older ones are removed.
Names and domains to watch
- BG Wealth Sharing LTD (“BG Wealth”)
- DSJ Exchange PTY Ltd (“DSJ”)
- Domains reported in complaints/alerts: bggp.vip, bg911.cc, dsjex.net (and potentially new look‑alike domains)
Common red flags to look for
- Promises of unusually high, consistent, or “guaranteed” returns
- Pressure to act quickly, keep the opportunity secret, or recruit others
- Requests to deposit funds in cryptocurrency (USDT/crypto wallets) with limited transparency
- Difficulty withdrawing funds, or demands for extra “fees/taxes” to unlock withdrawals
- Communication via private messaging channels rather than verifiable, professional corporate channels
- Frequent changes to website domains, apps, or platform names
What you should do now
- Do not send any more money. Stop deposits immediately if you have concerns.
- Verify registration/licensing. Check whether the individual or firm is registered with the relevant regulator in your jurisdiction before investing.
- Protect your accounts. Change passwords, enable multi-factor authentication, and review wallet/exchange activity.
- Contact your bank/crypto exchange right away if you sent funds, and ask what recovery options may exist.
Report the incident to your local financial regulator and law enforcement or cybercrime reporting channels.
