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Regulators Freeze $41M Tied to $150M Crypto Ponzi Collapse

May 6, 2026
Source: cryptobreaking.com cryptobreaking.com
News Snapshot:
A suspected $150 million crypto Ponzi scheme centered on BG Wealth Sharing has seen its domain seized by U.S. law enforcement, following reports of a large-scale rug pull and mounting investor losses. The operation’s online presence was brought down as part of a joint initiative involving federal authorities and specialized task forces, underscoring ongoing efforts to disrupt scam networks that rely on social media to lure retail investors into high-yield promises.On-chain sleuthing by ZachXBT indicated that illicit actors tied to BG Wealth Sharing attempted to launder more than $92 million in cryptocurrency between April 27 and this week. In a...
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