Unattributed: Fraud or scam

The agency says investors lost more than $100 million after the firms promised risk-free trading returns and used false filings to claim SEC approval.

Evidence boundary

Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.

Sources

• https://thedefiant.io/news/regulation/sec-charges-bg-wealth-and-dsj-exchange-in-alleged-130-million-crypto-fraud
• https://www.sec.gov/newsroom/press-releases/2026-110-two-entities-charged-130-million-fraud-scheme-used-false-sec-filings-boost-investor-confidence

Record history

First seen: 2026-10-29T16:42:37.000Z. Last updated: 2026-10-30T06:22:16.289Z. Revision: 3.