HQI Exchange Flagged by New Zealand Financial Authorities
The New Zealand Financial Markets Authority (FMA) has added HQI Exchange to its warning list of suspected “click a button” Ponzi schemes. The regulator issued the warning on June 9, 2026, highlighting concerns about the platform’s operations and potential risks to investors.
The FMA identified 15 domains linked to HQI Exchange. According to the regulator, these websites have either been disabled or previously flagged for fraudulent activity.
Connection to BG Wealth Sharing
HQI Exchange emerged shortly after the collapse of BG Wealth Sharing, a well-known “click a button” Ponzi scheme. The platform was allegedly operated by a group of Chinese scammers who have been connected to numerous similar investment frauds since 2021.
Investigators and industry watchdogs believe HQI Exchange was launched as a replacement for BG Wealth Sharing. The transition allowed operators to continue attracting investors under a new brand name.
DSJ Exchange and the Scam Network
Before HQI Exchange, the same group reportedly operated DSJ Exchange (DSJEX). The platform presented itself as a legitimate trading exchange but has been widely described as a fake investment operation.
The repeated launch of new platforms follows a common pattern used by online Ponzi operators. Once one scheme collapses, a new brand is introduced to keep the fraud running.
BG Wealth Sharing Collapse and Exit Scam
BG Wealth Sharing collapsed in late April 2026 after experiencing severe payment issues. Following the collapse, investors were told they needed to pay so-called “taxes” to access their funds.
These tax payments were allegedly part of an exit scam designed to extract more money from victims. Shortly afterward, operators demanded an additional $1,000 fee from investors. However, the requirement was withdrawn less than 48 hours after it was announced.
HQI Exchange Collapse
HQI Exchange launched in mid-May 2026 as the latest version of the scheme. The platform promoted itself as a new opportunity for former BG Wealth Sharing participants.
The operation was short-lived. On May 31, 2026, HQI Exchange reportedly disabled withdrawals, preventing investors from accessing their funds. This move effectively marked the collapse of the platform.
