Law enforcement freezes $41M connected to $150M crypto Ponzi collapse
Law enforcement froze $41 million tied to BG Wealth Sharing, a $150 million crypto Ponzi scheme operating since 2025. The fraudulent investment group promised daily profits via social media, then rug-pulled users. Tether, Binance, OKX and US authorities collaborated to halt $92 million in laundering attempts. Indian retail investors remain vulnerable to similar schemes targeting unsophisticated traders.
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