# SEC charges BG Wealth and DSJ Exchange over alleged crypto fraud exceeding $130 million

> The SEC sued BG Wealth Sharing Ltd and DSJ Exchange PTY Ltd on October 29, 2026, alleging crypto fraud exceeding $130 million.

- URL: https://riadefi.com/regulation/2026-10-29-sec-bg-wealth-dsj-exchange-crypto-fraud/
- Posture: Enforcement
- Authorities: U.S. Securities and Exchange Commission
- Event date: 2026-10-29
- Version: 1, published 2026-10-30 (first published 2026-10-30)
- Advisor-relevant: yes

## What changed

The SEC sued BG Wealth Sharing Ltd and DSJ Exchange PTY Ltd on October 29, 2026, alleging crypto fraud exceeding $130 million. According to its complaint, the defendants fabricated trading profits and misappropriated investors’ crypto deposits. The SEC alleges that they used false Form ADV and Form D filings to claim SEC licensing or approval. The SEC seeks injunctions, disgorgement with prejudgment interest, and civil penalties. The SEC announced that it removed the filings from its website.

## Who it affects

- Clients who deposited crypto assets with BG Wealth or DSJ Exchange could face losses.
- Advisors evaluating purported crypto managers face false registration claims.

## What is still open

- The court has yet to determine liability or remedies.
- The SEC has not established how much investors will recover.

## What it means for an advisor

- Check client exposure to BG Wealth and DSJ Exchange.
- Verify registration status separately from the existence of a Form ADV or Form D.
- Preserve client communications and crypto transfer details when assessing potential losses.

## Sources

1. [Complaint against BG Wealth Sharing Ltd and DSJ Exchange PTY Ltd](https://www.sec.gov/files/litigation/complaints/2026/comp-pr2026-110.pdf) · U.S. Securities and Exchange Commission · 2026-10-29
2. [Two Entities Charged in $130 Million Fraud Scheme That Used False SEC Filings to Boost Investor Confidence](https://www.sec.gov/newsroom/press-releases/2026-110-two-entities-charged-130-million-fraud-scheme-used-false-sec-filings-boost-investor-confidence) · U.S. Securities and Exchange Commission · 2026-10-29


---

Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.