Law enforcement freezes $41 million; BG Wealth Sharing's $150 million crypto Ponzi scheme domains seized.

The domain name of BG Wealth Sharing, suspected of being involved in a $150 million cryptocurrency Ponzi scheme, has been seized by US law enforcement. On-chain investigator ZachXBT revealed that those involved in the scam attempted to launder over $92 million between April 27 and May 3, and successfully froze over $41 million in funds in conjunction with Tether, Binance, OKX, and US law enforcement. The scam operated since 2025, heavily promoting itself on social media and promising daily returns of 1.3% to 2.6%, primarily targeting retail investors. Before shutting down, its CEO, Stephen Beard, demanded users pay a 12% tax on their account balances, citing "IPO regulatory processes," which users considered the final blow. (Cointelegraph)