SEC sues BG Wealth and DSJ Exchange over alleged crypto fraud
BROBROK News · Based on reporting by DiarioBitcoin ·
The SEC filed a case against BG Wealth Sharing and DSJ Exchange, alleging they raised more than $130 million while using public filings and false certificates to imply official approval. The complaint says investors faced blocked withdrawals and losses above $100 million.
Key points
- The SEC says the money came from more than 223,000 blockchain addresses between March and mid-June 2026.
- The complaint says ADV and D filings were presented as if they meant SEC approval, which the agency denies.
- It describes blocked withdrawals, a supposed tax to unlock accounts, and demands for extra deposits.
- The SEC also challenges the firms' reported auditor and other registration details.
- The filing says DSJ Exchange later changed its name to Horizon Crest Capital in EDGAR.
Why it matters
The case highlights how scammers can misuse real regulatory filings to create a false sense of legitimacy. It may also draw attention to how public SEC records are interpreted by retail investors in crypto schemes.
Original headline: “SEC demanda a BG Wealth y DSJ Exchange por presunto fraude cripto de USD $130 millones”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.