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The Denver district court ruled against Eli and Kaitlyn Regalado, noting that their cryptocurrency project Indxcoin was an unregistered securities regime that has fraud hundreds of investors.
Whoa 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 😳 for having directed a cryptographic scam of $ 3.4 million. They said that God told them to launch Indxcoin, a token linked to their church, and convinced hundreds of believers to invest. But it turns out that the medal was worthless and … pic.twitter.com/kvaekbhp8x
– Seven crypto 🐋 (@sevenwinse) September 17, 2025
On 12 September 2025Judge Heidi L. Kutcher rendered a civil judgment of 3,339,422.15 $ Against the couple, while also prohibiting them from participating in transactions of private titles in Colorado for the next 20 years old. The Division of Titles of Colorado confirmed the decision 16 September 2025.
The fraudulent diet
Between June 2022 and April 2023Regalados have raised almost $ 3.4 million of more than 300 investors, mainly members of their local Christian community, promising high yields with little risk. Investors received Indxcoin tokens, which quickly proved to be worthless.
The couple used a tailor -made exchange called Kingdom’s wealth exchangeBut it collapsed in 2023 due to the lack of liquidity and adoption of users. An audit commissioned from the Blockchain Security Company Piracy gave the project a 0/10 Safety scoreSaying serious vulnerabilities, warnings have never shared with investors.
Documents have revealed that a large part of the money had gone to personal luxuries, including jewelry, ski trips, creative clothes, dental work, yacht holidays and even a Range Rover. Viral images of the beginning of 2024 showed that Eli Regalado admitting to pocket investors’ money, citing taxes and even a renovation of domicile, he said “the god told us to do”.
Civil criminal procedure
While the civil affair is now settled, the The criminal affair is underway. On 22 July 2025A great Denver jury charged the couple 40 accountIncluding theft, securities fraud and racketeering. These accusations could lead to a prison sentence in the event of a conviction.
The regulators underline that this decision sends a clear warning to the cryptographic industry: operating Religion or brain The sale of non -compliant securities will lead to severe penalties, prohibitions and forced restitution.
The case highlights the importance of transparency, third -party audits and credible governance, missing elements on the Marketing field of Indxcoin. A crypto exchange and a trusted wallet are always encouraged for users for a safe business.
