Over $41 Million in BG Wealth Sharing Funds Frozen by Authorities
BG Wealth Sharing, a popular “click a button” app-based Ponzi scheme, has suffered a major setback. On May 5, 2026, blockchain investigator ZachXBT revealed that over $41.5 million linked to the scam has been frozen through a joint operation involving US authorities, Tether, Binance, and OKX.
Massive Laundering Operation Exposed
Chinese scammers behind BG Wealth Sharing laundered more than $92 million since April 27, 2026. The laundering started just days before the scheme collapsed around May 1, suggesting the collapse was planned in advance.
From April 27 to May 3, illicit actors moved funds across multiple chains to hide their tracks using:
- Tokenlon swaps
- Bridging via Bridgers, Butter Network, and USDT0
- Wrapping and unwrapping USDD
- Hundreds of consolidated addresses
Hot Wallets Involved
The main hot wallets used for laundering include:
- 0xf3bd39870d26cfdcdc582ed02b97f74e19e0ee97
- 0x35c752ddbd5a5f23482141fab42f943c52ba9adb
- 0x7a22c5d74f90515ed5834b237b6f8f865c543a66
- 0x78255cFa63A3b49b742Cbc9aDb36aF926d3cdA90
And several Tron addresses:
- TGTWYCJxhvrDkZc4pyugBAnc4qWeXdXJdF
- TBsjjfnBi5mW3soFmSVFK1pAD5Jbwrbjcg
- TWF1bcuNLXtwQCRxb6Qn6uKqWCuXRatiei
Funds Frozen So Far
As of May 4, 2026:
- $38.4 million frozen by Tether
- $3.1 million frozen across various exchanges and services
Total frozen amount now stands at $41.5 million. Investigations are still ongoing.
Background and Investor Losses
In the weeks before the collapse, BG Wealth Sharing aggressively ran multiple investment promotions to attract more money. The scheme has so far caused confirmed investor losses of around $140 million, with the actual figure believed to be much higher.
US authorities have seized the original BG Wealth Sharing website domain. Two Chinese scammers connected to the scheme are currently in custody in Thailand facing criminal charges.
