A wake-up call for crypto believers: why discernment is your best investment tool
In a world where faith meets finance, a story unfolded that left hundreds shocked, a community torn, and over €3 million gone. It began with what was described as a divine message. But today, it’s being investigated as a high-profile crypto fraud.
This isn’t just a story it’s a powerful reminder of the thin line between trust and manipulation in the world of digital assets. Keep reading and discover the red flags, the tactics used, and why this case matters to every investor right now.
📜 “Create this cryptocurrency,” God allegedly said…
Eli Regalado, a charismatic evangelical pastor from Denver, claimed he was divinely instructed to create a cryptocurrency. He and his wife, Kaitlyn Regalado, abandoned their marketing business and went all-in to launch INDXcoin and the Kingdom Wealth Exchange platform in 2022.
They presented INDXcoin as a faith-driven digital currency, inspired by Biblical principles and built to “distribute wealth among God’s people.” For many in their online church community, the message was convincing. Around 300 investors poured in $3.4 million, believing they were not just investing—but fulfilling a divine mission.
But faith, as it turns out, wasn’t enough to make this token float.
⚠️ When Faith Meets Fraud: What Went Wrong?
In July 2025, the Denver District Attorney charged the Regalados with 40 counts of fraud and theft, after discovering that more than $1.3 million of investor funds were used not for blockchain development, but for luxury personal expenses like home renovations, designer clothes, vacations, dental care, and even motel stays.
👉 Worse still, investors couldn’t sell or withdraw their tokens. The currency had no liquidity, no underlying asset, and no sustainable exchange.
And yet, when questioned, the pastor stood by his story: “God told me to spend that money.”
🙏 A Cautionary Tale for the Crypto-Faithful
This story isn’t about attacking religion it’s about understanding how emotion and belief can be weaponized in the world of finance.
The real danger lies in blindly trusting narratives that replace due diligence with devotion.
Eli even promoted risky 10x leverage trading a strategy that can wipe out an investment with just a 10% drop in price claiming it was “divinely guided.” That’s not spiritual insight. That’s financial recklessness.
📊 What Every Crypto Investor Needs to Learn From This
✅ Always verify the utility and liquidity of any new token.
✅ Check for regulatory compliance and project transparency.
✅ Be wary of emotional manipulation whether religious, political, or personal.
✅ Demand whitepapers with real data, and validate team credentials.
✅ Never invest money you can’t afford to lose, especially in promises of “miraculous” returns.
⚡ Act Now: Protect Your Investments, Protect Your Future
This story is a stark wake-up call in an industry filled with both innovation and illusion. INDXcoin isn’t the only “faith-backed” or “mission-driven” crypto. Scammers will always find a narrative that resonates but it's up to you to spot the traps.
💡 Your action steps today:
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Bookmark this article.
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Share it with someone you know who invests or wants to start.
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Join a real investor community that values transparency over emotion.
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Research projects using independent tools and blockchain explorers.
✝️ Final Word: Faith Can Be Powerful But So Can Scams
The Bible says, “Test all things; hold fast what is good.” (1 Thessalonians 5:21)
When it comes to crypto, do the same. Faith is sacred. Your money is real. Treat both with wisdom.
📌 Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research. Crypto Canadas is not responsible for any losses from decisions based on this content.
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