God told them to sell crypto. Their investors lost everything.

Eli and Kaitlyn Regalado, a couple who claimed to receive divine instructions to launch a cryptocurrency called INDXcoin, are at the center of a major financial controversy. Targeting evangelical Christian communities, the couple raised over $3 million from more than 500 investors, many of whom invested significant portions of their retirement savings. Despite the Regalados' claims that the project was divinely inspired, the cryptocurrency collapsed within a year, leaving investors with total losses. The case highlights the growing prevalence of cryptocurrency fraud, which saw $7.2 billion in reported losses in the US in 2025 alone. Experts note that the ease of creating new digital assets, combined with a lack of technical understanding among many investors, has created a fertile environment for scammers. The Regalados' project serves as a cautionary tale regarding the risks associated with unregulated digital assets and the exploitation of trust within close-knit communities.