HQI Exchange Fraud Warning Issued by Washington DFPI
Washington’s Department of Financial Institutions (DFPI) has issued an official fraud warning against HQI Exchange.
The regulator warned investors on May 15, 2026, about a new “click a button” Ponzi scheme targeting victims of the collapsed BG Wealth Sharing platform.
DFPI Alert Details
According to the DFPI, BG Wealth investors are being pressured to move their funds to HQI Exchange (HQIEX). Scammers are asking victims to send more money to “transfer” to the new platform.
Many investors who already paid previous “taxes” or fees report they still cannot withdraw their money. The DFPI strongly advises extreme caution and recommends against sending any additional funds.
Background: BG Wealth Sharing Ponzi
BG Wealth Sharing was a fake investment app launched in January 2025 by Chinese scammers. It mainly targeted people in the US, Canada, Tonga, and Samoa.
The scheme collapsed in late April 2026 after running a 12% “fake tax” exit scam. Scammers then demanded another $1,000 before launching HSI Exchange in mid-March 2026. HQI Exchange is the latest version of the same fraud.
How the HQI Exchange Scam Works
- Minimum investment starts at 100 USDT
- BG Wealth victims are told they must sign up and pay 100 USDT by May 18th, or their balances will be deleted
- These balances never existed it is a classic recovery scam
HQI Exchange is essentially a rebranded clone of BG Wealth Sharing. Several HQI Exchange domains have already been taken down or flagged by browsers for fraud within the past 48 hours.
Important Advice
If you have invested in BG Wealth Sharing or HQI Exchange:
- Do not send any more money
- Report the activity to your local regulator
- Consider filing a complaint with the Washington DFPI
This is a continuing exit scam. Investors should treat all related platforms as high-risk fraud schemes.
