Policy

SEC Says $130 Million Crypto Scheme Used the Agency’s Own Databases to Look Registered

Unchained·October 30, 2026·1 min read

The SEC filed a complaint alleging BG Wealth and DSJ Exchange ran a $130 million crypto scheme by using the agency's own databases to appear registered. The platforms showed investors fake SEC filings and certificates with the agency's seal, then blocked withdrawals and demanded a 'tax' to unlock accounts.

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