According to Cointelegraph, the domain name of BG Wealth Sharing, which is allegedly involved in a $150 million crypto Ponzi scheme, has been seized by U.S. law enforcement. On-chain investigator ZachXBT disclosed that individuals linked to the scam attempted to launder over $92 million between April 27 and May 3. In cooperation with Tether, Binance, OKX, and U.S. law enforcement, more than $41 million was successfully frozen. The scam, which began operations in 2025, heavily promoted itself on social media, promising daily returns of 1.3% to 2.6% and mainly targeting retail investors. Before shutting down, its CEO, Stephen Beard, cited "IPO regulatory procedures" as a reason to require users to pay a fee equivalent to 12% of their account balance, a move widely viewed by users as a final cash grab.