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Jan 23

A US pastor explained the release of scam tokens as “God’s will”

A pastor from Colorado, Eli Regalado, who leads the online church Victorious Grace Church, has admitted to creating a fraudulent cryptocurrency project, INDXcoin. Regalado, along with his partner Caitlin, raised nearly $3.2 million from over 300 investors between June 2022 and April 2023 through the Kingdom Wealth Exchange platform. Regalado targeted Christian communities, promising riches to investors who put money into INDXcoin. The Colorado Securities Commission revealed that Regalado clai...

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