On January 28, 2026, the British Columbia Securities Commission (BCSC) issued separate securities fraud warnings against BG Wealth Sharing and DSJEX, highlighting their unlicensed operations and high-risk nature, per BCSC alerts. BG Wealth Sharing, operating via domains like limitlesscrowd.xyz and lk0860.com, and DSJEX (using dsjvm.cc, dsj960.com, sjbn.pro, and dsjbl.com), are flagged for offering unregistered DeFi staking and fake trading services, violating Canada’s financial laws. These “click a button” app Ponzi schemes, run by Chinese scammers, promise easy returns but deliver nothing, per BCSC.
BG Wealth Sharing links to Gagan Sarkaria, a promoter tied to the collapsed Daisy Global Ponzi and Blockchain Sports, per website footers. DSJEX serves as the fake exchange for BG Wealth Sharing, cycling through domains flagged by CloudFlare for fraud. Traffic shifts to Cote d’Ivoire and Hungary, with declining recruitment in Australia and France, per SimilarWeb data as of July 2025. Alberta issued warnings earlier in January 2026, joining the UK, Tonga, and Australia, per regulatory notices.
The warnings underscore growing global scrutiny of MLM crypto Ponzi schemes, with BG Wealth Sharing and DSJEX following patterns of Forsage ($340M losses) and GSPartners ($1B+), per DOJ and SEC cases. Bitcoin (BTC) ($113,234) and Ethereum (ETH) ($4,070) remain unaffected, per CoinMarketCap, but such scams erode trust in DeFi. BCSC emphasises that unregistered entities pose significant loss risks, per. Investors should verify platforms via bcsc.bc.ca or sec.gov, avoiding schemes promising guaranteed returns.
With Canada leading enforcement alongside New Zealand and Australia for related schemes like DAO1, 2026 may see heightened Ponzi crackdowns, per. BG Wealth Sharing’s promotion in American Samoa by figures like Theodora Alesana signals ongoing recruitment, per. Investors should monitor BCSC alerts and avoid MLM apps. Diversify into regulated assets like BTC or USDC, with stop-losses below BTC’s $112,000, per TradingView. Follow @TheBlock__ on X for updates. BCSC’s actions protect consumers but highlight persistent crypto scam threats.
