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ZachXBT

@zachxbt

1/ The $150M+ DSJ Exchange (DSJEX) / BG Wealth Sharing Ponzi scheme collapsed last week. From April 27 – May 3, illicit actors laundered $92M+ across chains to obscure the trail. I helped lead an initiative with @Tether_to, @Binance Security Team, @OKX, & US law enforcement that has since frozen $41.5M+.

12:51 PM · May 5, 2026 · 568K Views

280 Reposts 38 Quotes 2.1K Likes 314 Bookmarks

273 replies collected of 322 X reports

ZachXBT @zachxbt · May 5 1.1M

2/ DSJ / BG has been running since 2025, advertising 1.3% - 2.6% daily returns with referral commissions and rank-based bonuses. DSJ = fake trading platform BG = investment group A fictitious CEO named Stephen Beard fronted the platform, while domains and hot wallets rotated regularly to evade law enforcement. Recruitment and fake trading signals was pushed through a group on BonChat (Hong Kong messaging app). h/t @dehek & BehindMLM for early coverage of the investment fraud.

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Madi @madiweb3 · May 5

@zachxbt @binance @okx Zach here with something new

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Andrew D🛡⚡️Pew Pew♻️ @AndrewD04001 · May 5

@zachxbt @binance @okx 👏

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kTec @kTecXBT · May 5

@zachxbt @binance @okx hi, please check dm regards a big crypto project who rugged multiple people.

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Martijn B (x1m) @x1m_martijn · May 5

@zachxbt @binance @okx s tier research again!

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NFT_Dreww.eth @nft_dreww · May 5 13K

@zachxbt @binance @okx Fkn $92M wtf

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VN insight Daily @VNInsightDaily · May 5

@zachxbt @binance @okx So, why everyone need Crypto when they can be ban?

Abdul @ABMF01 · May 5

@zachxbt @binance @okx Everything with evidence simce to be right

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Sweep @0xSweep · May 5 248K

@zachxbt @binance @okx I’ve never been this early to a Zach thread Holy shit

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ZAN NIAO @HOLYLIFE071 · May 5

@zachxbt @binance @okx 👍🏻

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saywhat @Ys0Complicated · May 5

@zachxbt @binance @okx Hey Zach, you can be absolutely proud of yourself. Great job. I hope youre doing great, sir.

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OVI @0xoviweb3 · May 5

@zachxbt @binance @okx Wtf 92M 😳

P O O J A | jaadasss @jaadasss · May 5 16K

@zachxbt @binance @okx Wow this is an interesting read

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Sarthiii @SarthiB7 · May 5

@zachxbt @binance @okx x.com/SarthiB7/status/20516465…

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webrainsec🏖️ 💻 @webrainsec · May 5

@zachxbt @binance @okx great job ser! x.com/webrainsec/status/205164…

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OVI @0xoviweb3 · May 5

@zachxbt @binance @okx My bro always here for save us!

Moaak 🦍 🦇🔊 @08x44 · May 5 44K

@zachxbt @binance @okx a game of hide and seek but with millions at stake

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nairolf @0xNairolf · May 5 40K

@zachxbt @binance @okx 🐐

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Jai Hamid @jaihamidd · May 5

@zachxbt @binance @okx It’s @tether now. Thanks for all you do!

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a m t @almustee_crypto · May 5

@zachxbt @binance @okx keep exposing them zach!!

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BDIC Insurance @bdicinsurance · May 5

@zachxbt @binance @okx Keep doing the good work!

Dazai @Dazaiweb3 · May 5

@zachxbt @binance @okx Zach could u tell us what tools do u use for ur research?

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inno @inno_sol · May 5

@zachxbt @binance @okx Keep up with the good work Zach!

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lupanar ⚡️ @lupanar86 · May 5

@zachxbt @binance @okx x.com/lupanar86/status/2051646…

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MISHU @mishuweb3 · May 5

@zachxbt @binance @okx Top quality research! do some research on @billions_ntwk , what did they do with all that money and who gave it to them? Why do they cheat people like this? Please do some research.

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Cruser @0xCruser · May 5

@zachxbt @binance @okx rotating domains and wallets is standard playbook still works on new users, 1–2.6% daily was the only red flag anyone needed and 12% tax before IPO is always the exit scam biggest problem isn’t tech it’s people believing it’s real

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0x₿₿oy @pp87111 · May 5

@zachxbt @binance @okx Nice work, Tron just a chain for shady business lol

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Seemore @SeemoreCrypto · May 5

@zachxbt @binance @okx Tether removing that tag swiftly...

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prodip @potu_eth · May 5 11K

@zachxbt @binance @okx Freezing 41 million shows serious cross chain coordination works.

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Milhan 🌐 @Milhancrypto · May 5

@zachxbt @binance @okx Bro please investigate @SKYAIpro #skyai Please bro, tnq

1win Korea @1winKR · May 5

@zachxbt @binance @okx Wow, that was a really big incident...

original · ko

@zachxbt @binance @okx 와 진짜 큰 사건이었네...

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Arjhay @Bongskie_1117 · May 5

@zachxbt @binance @okx What a legend. x.com/Bongskie_1117/status/205…

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ZochXTB： @faridshokri · May 5

@zachxbt @binance @okx Here is the analysis! ⤵️

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kEllo @soloMID_ · May 5

@zachxbt @binance @okx Legend 🫡

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The @TheMoonGuy01 · May 5

@zachxbt @binance @okx @tweem 100k views

Darwin Degens Calendar @Darwin_Calendar · May 5

@zachxbt @binance @okx good one 🔥🫡

The @TheMoonGuy01 · May 5

@zachxbt @binance @okx @tweem 50k views

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The @TheMoonGuy01 · May 5

@zachxbt @binance @okx @tweem 170k views

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Naeven @Naeven_ · May 5

@zachxbt @binance @okx so about half the amount has been frozen, great work

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The @TheMoonGuy01 · May 5

@zachxbt @binance @okx @tweem 500k views

fr1ko.eth @fr1ko_eth · May 5

@zachxbt @binance @okx 🐐 nothing more to say

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The @TheMoonGuy01 · May 5

@zachxbt @binance @okx @tweem 800k views

Optimist 🫆 @Optimist_ig · May 5

@zachxbt @binance @okx Tool you're using for Onchain tracking?

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cryptedme.skr @Crypted_mee · May 5

@zachxbt @binance @okx Unroll @threadreaderapp

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⭕️ @OldEBT · May 5

@zachxbt @binance @okx Been applying to be a crypto investigator for nearing 6 months would be cool if you could potentially help me find a spot.

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Sar'Jed @sar_jeddy · May 5

@zachxbt @binance @okx Wow $92m!

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name cannot be blank @AbolishNHSpls · May 5

@zachxbt @binance @okx I hope your opsec and infosec is elite becuase at this point you must have several 7 figure+ bounty on your head, for real.

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Vet @Vet_X0 · May 5 57K

@zachxbt @binance @okx Well done! Is Tether the fastest stablecoin issuer in reacting to freeze etc in the industry?

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Dr. Nish Sachdev 🇨🇾🇺🇸🇦🇪 @nishoutofwater · May 5

@zachxbt @binance @okx Great job again 🫡

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APearlBird ©️ @APearlBird · May 5

@zachxbt @binance @okx > randomly trips over ponzi > sighs and investigates > releases findings for us all to read Thank you!

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50 replies whose parent comment X withheld

ZachXBT @zachxbt · May 5 1.1M

4/ On May 2, Stephen Beard posted a video claiming DSJ would IPO soon and demanded a 12% "tax" on account balances as part of the regulatory process. By this point, withdrawals had already been disabled. x.com/zachxbt/status/205164585…

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ZachXBT @zachxbt · May 5 1.1M

5/ Funds from DSJ / BG hot wallets were laundered through: -Tokenlon swaps -Bridging via Bridgers, Butter Network, & USDT0 -Wrapping and unwrapping USDD -Consolidation across hundreds of addresses Hot wallets: 0xf3bd39870d26cfdcdc582ed02b97f74e19e0ee97 0x35c752ddbd5a5f23482141fab42f943c52ba9adb 0x7a22c5d74f90515ed5834b237b6f8f865c543a66 0x78255cFa63A3b49b742Cbc9aDb36aF926d3cdA90 TGTWYCJxhvrDkZc4pyugBAnc4qWeXdXJdF TBsjjfnBi5mW3soFmSVFK1pAD5Jbwrbjcg TWF1bcuNLXtwQCRxb6Qn6uKqWCuXRatiei

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ZachXBT @zachxbt · May 5 1.1M

6/ I traced $93M+ in outflows from consolidations to multiple deposit addresses from April 27 to May 3, 2026. Cobo ($63M total received) TFjQWjNkyTJ5xmqy87WBTYaUS7gWzLuWzu TD1yXHq8NAPFZN5tCAAsd2HsrYfMuuqGCq TMsA7dJpEYJ8r8HCGK7tyAg5NGtJzFWMom TN5YhGsCBPZSi3ATUp2G5wht5Wmbumy23o OKX ($30M total received) TTV5Dn2tfU16NzrX3HoRuaRWcuLnuboQff

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ZachXBT @zachxbt · May 5 1.1M

7/ I performed a timing analysis to find withdrawals and located Solana/Tron deposits to Binance and found matching Tron withdrawals and provided details to relevant parties. It resulted in $38.4M frozen by Tether on May 4 (yesterday) with another $3.1M+ frozen at various services/exchanges.

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ZachXBT @zachxbt · May 5 1.1M

8/ While these Chinese investment frauds are obvious to most, they purposely target unsophisticated retail investors via social media. Reading through victim posts, many still seem to be in denial that they were scammed. If you are a victim of BG / DSJ I suggest filing a police report in your jurisdiction (US victims: ic3[.]gov). I rarely investigate Ponzi schemes myself since the cases lack sophistication and the work gets repetitive. This incident caught my attention while I was reviewing USDD contract flows for another case. The $150M+ figure is likely significantly higher since the scheme has been operating since 2025 with thousands of victim exchange withdrawals identified.

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SpenzDigital @SpenzDigital · May 5

@zachxbt As always thanks for everything you do Zach

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RENZ @ren16900 · May 5

@zachxbt can you do $aster ? is this scam

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Generalissimo @dgeneralissimoo · May 5

@zachxbt Thanks for all you do to sanitize this space.

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🌊الرائي 👁️ SEER @icee_Tech · May 5

@zachxbt @ABMF01 😂

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ZachXBT @zachxbt · May 5 1.1M

@LuKMalEcrit Yes the Reddit posts are depressing

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Ricefarmer 🍚 @RiceFarmer0x · May 5 25K

@zachxbt Jesus

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SomaXBT @somaxbt · May 5

@OldEBT @zachxbt @binance @okx Post it on X

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RaRa 💭 @faceofsol · May 5

@zachxbt @Marrenin @binance @okx x.com/faceofsol/status/2051650…

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⭕️ @OldEBT · May 5

@somaxbt @zachxbt @binance @okx Id have to redact tons of info due to it being in the legal process currently. I could do random investigational work that has no usd value of random petty theft from people on CT though.

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⭕️ @OldEBT · May 5

@somaxbt @zachxbt @binance @okx There are tons. I could list probably 10 off the top of my head.

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HEATT @0xHeatt · May 5

@zachxbt @binance @okx Makes sense. Thanks.

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41 @MaximizingAlpha · May 5

@zachxbt what caught your attention about this when reviewing USDD cotract flows? you saw some pattern in onchain activity with the wrapping? thanks

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Camnextlevel📈🛫 @camnextlevel · May 5

@zachxbt @binance @okx Right and the crazy part was they were so defensive about it. It was like a cult

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Glaucio Fonseca @GlaucioAndre · May 5

@zachxbt Good job :)

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₿itMauri.sol ∞/21M @empiroSol · May 5

@zachxbt @binance @okx Thank you sm :)

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DaStarr Jordan @JDastarr · May 5

@zachxbt x.com/JDastarr/status/20517075…

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Mary Beth | ΜΟΛΩΝ ΛΑΒΕ 🦅🇺🇸 @IfUCanKeepIt · May 5

@zachxbt @camnextlevel @binance @okx I’m a victim and I now follow you. While some may live in denial, I would rather live in truth.

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Name cannot be blank @jensbtc · May 5

@zachxbt You are doing God's work Zach..

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Penpal @Pnlpal · May 5

@zachxbt @0xCruser @binance @okx lol was too obvious 😭 holy fuck ppl are brain dead

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Keyser @KysrCrypto · May 5

@zachxbt @fandorinfinance Just noticed you changed your dp lol

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Keyser @KysrCrypto · May 5

@zachxbt @fandorinfinance You got more strapped cause these skems are getting crazier haha 🫡

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fandorinfinance @fandorinfinance · May 5

@zachxbt I see. Thanks. Do you think those funds which are frozen will be distributed to people who got scammed?

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Laura Nakanelua 🇺🇸 @lalaviealoha · May 6

@zachxbt @nkm_ml @binance @okx Thank you Zach.

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ZachXBT @zachxbt · May 6 1.1M

@fandorinfinance If LE follows through with seizure and victims file police reports in their country + have evidence to support their claim (transaction hashes of transfer, chat logs, etc)

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ZachXBT @zachxbt · May 6 1.1M

@ofAfeel @binance @okx You have 65 username changes yet expect people to take you seriously? x.com/zachxbt/status/205185405…

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bolivian @_bolivian · May 6 56K

@zachxbt @ofAfeel @binance @okx But he asked a right question

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Judo 👀 @Jodugame · May 6

@zachxbt @ofAfeel @binance @okx gm lil frok @inversebrah

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F... @Fthai13 · May 6

@zachxbt @ofAfeel @binance @okx I can change 200 username.. no have problem at all...

Zen @OnlyZen_PK · May 6

@zachxbt @ofAfeel @binance @okx Bro he should change 4 more to make it dignity number

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B=MananzeZA 🚢 @Thormichaey · May 6

@zachxbt @ofAfeel @binance @okx Another Nigerian based in Japan

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Permaban @RLH_Permaban · May 6

@zachxbt @ofAfeel @binance @okx soon to be 66 x.com/RLH_Permaban/status/2051…

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🧊 ICE MAXI 🧊 @MaxiHielo · May 6

@zachxbt @ofAfeel @binance @okx wat if the 66th username change is the one frok? @inversebrah

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Mr Smile @MizuShinyu · May 6

@zachxbt @ofAfeel @binance @okx Even without changing username no one take me seriously 😞

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Ed Khil, Lord of the algorithm. @0megalvl3vent · May 6

@zachxbt @ofAfeel @binance @okx Wild, Chinese vPNd to Japan lmao Pretty sure it’s a North Korean mad about his loot losing value. I’ll make it go up soon, Mr Korean, don’t worry.

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loo @loo_here · May 6

@zachxbt @ofAfeel @binance @okx Zach is right. People would take you more seriously if you had 69 name changes.

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FolyLoverNFT @PolyLoverNFT · May 6

@zachxbt @ofAfeel @binance @okx now i know how to get noticed by you @zachxbt 😁

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Jackson 🌠 @0xjackson111 · May 6

@zachxbt @ofAfeel @binance @okx I have 2 name changes and I already felt offensed x.com/0xjackson111/status/2051…

ZachXBT @zachxbt · May 6 1.1M

@_bolivian @ofAfeel @binance @okx You have 44K followers and promote micro cap memes that peaked at $30K mkt cap but your concerned about manipulation on BTC at a $1.6T mkt cap? x.com/zachxbt/status/205185600…