Tether, Binance, and Others Freeze $41.5M of Stolen Funds
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Investigators including Tether, Binance, OKX and US law enforcement froze $41.5M tied to the collapsed DSJ/BG Ponzi; Tether alone froze $38.4M on Tron and blacklisted 19 addresses. - On-chain tracing shows about $92M laundered across chains from Apr 27–May 3 and regulators had warned investors before the collapse, underscoring crypto security, stablecoin and CEX laundering risks.
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- Investigators have frozen over $41 million of funds stolen in the DSJ/BG Ponzi scheme.
- Multiple regulators warned investors about the Ponzi scheme before it collapsed.
- Tether blacklisted 19 wallet addresses linked to the recently collapsed DSJ Ponzi scheme.
Stablecoin issuer Tether, alongside Binance, OKX, US law enforcement, and independent security agents, has frozen over $41.5 million tied to the collapse of the DSJ Exchange and BG Wealth Sharing investment scheme, according to on-chain investigator ZachXBT.
Tracking Stolen Funds On-Chain
According to the investigator, illicit actors laundered over $92 million across chains to obscure the trail between April 27 and May 3. Meanwhile, Tether alone froze $38.4 million of the laundered funds on Tron, blocking 19 addresses in a single transaction.
ZachXBT further explained that he performed a timing analysis ac…
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