Overview
- Freeze totals reached $41.5 million after Monday's Tether block of $38.4 million tied to the scheme.
- Tracing shows $92–93 million shifted across blockchains between April 27 and May 3 using token swaps, bridges, and hundreds of wallets to hide the trail.
- Investigators identified key custody points, with about $63 million sent to custodian Cobo and roughly $30 million routed to OKX.
- Using a fake front named Stephen Beard, the scheme touted 1.3%–2.6% daily returns, then a Saturday video demanded a 12% “tax” after withdrawals were cut off.
- Thirteen regulators had warned about DSJ and BG, U.S. agents seized a BG domain on April 23, and victims are urged to file police reports, including via IC3 in the U.S.