Eli and Kaitlyn Regalado, a Christian couple from Colorado, created a cryptocurrency called INDXcoin in 2022, claiming it was inspired by divine guidance. They told investors—many of whom were fellow Christians—that God had directed them to sell the coin, promising financial returns. Over 500 people, including retirees and religious followers, invested more than $3 million, only to lose their money when the project collapsed within a year. Some lost their life savings, such as a retired couple who withdrew $70,000 from their retirement accounts to invest in INDXcoin. The Regalados first learned about cryptocurrency in 2021 when Eli’s sister gave them a digital coin called Sumcoin. They later testified in court that God told them to sell the coin to Christians. Inspired by this, they created their own cryptocurrency, INDXcoin, which was based on the value of the top 100 cryptocurrencies. They marketed it through family, friends, and Christian networks, calling it a “financial miracle” and a “God-driven vehicle.” Promotional materials described INDXcoin as “the perfect crypto” with “incredible growth with minimal risk.” Despite the optimistic promises, the Regalados faced significant technical and financial challenges. They struggled to list INDXcoin on major cryptocurrency exchanges and built their own trading platform, called Kingdom Wealth Exchange. However, the platform could not handle the high volume of sales, leading to liquidity issues. Investors reported being unable to sell their coins, and the Regalados suspended sales in June 2023. In January 2024, Colorado’s securities regulator filed a civil lawsuit against the Regalados, accusing them of fraud and selling unregistered securities. The lawsuit claimed they spent around $1.3 million of investor funds on personal expenses, including vacations, designer clothing, and home renovations. In July 2025, the couple was charged with 40 felonies, including theft, racketeering, and securities fraud. If convicted, they could face decades in prison. The Regalados have maintained that they were following God’s will and did not intend to defraud investors. They claim they were unaware of the legal requirements for cryptocurrency and believed they were acting on divine guidance. However, legal experts and investors argue that the couple withheld critical information and misled people about the coin’s value and how investors could recover their money. The collapse of INDXcoin has left many in financial distress, with some forced to take on new jobs or deplete their retirement savings. The case has drawn attention to the growing problem of crypto fraud, especially within religious communities, where trust and faith are sometimes exploited for financial gain.