Kingdom

April

Jesus

Billion

Daily

<p><span style="font-weight: 400;">Eligio Regalado, an online pastor in Colorado, said he may have ”misheard” God’s instructions when starting a crypto project that lost its investors millions of dollars.</span></p> 
<p>Regaldo is f<span style="font-weight: 400;">acing charges of civil fraud in the alleged sale of $3.2 million of a cryptocurrency called INDXcoin to 300 investors.</span></p> 
<p><span style="font-weight: 400;">“The INDXcoin was illiquid and practically worthless,” said a complaint <a href="https://securities.colorado.gov/press-release/press-release-colorado-securities-commissioner-files-complaint-against-alleged">filed</a> by Colarado’s securities commissioner. “I</span><span style="font-weight: 400;">nvestors lost millions; and Defendants dissipated investor funds to support their lavish lifestyle.”</span></p> 
<h2 id="span-style-font-weight-400-regulators-file-a-formal-complaint-against-the-regalados-span"><span style="font-weight: 400;">Regulators File A Formal Complaint Against The Regalados</span></h2> 
<p><span style="font-weight: 400;">The complaint </span><span style="font-weight: 400;">accuses Regalado and his wife of scamming Denver’s Christian community with a counterfeit digital currency called </span><a href="https://insidebitcoins.com/news/indxcoin-divine-intervention-or-elaborate-scam"><span style="font-weight: 400;">INDXcoin</span></a><span style="font-weight: 400;">. </span></p> 
<p><span style="font-weight: 400;">The report revealed that the crypto was sold through the Kingdom Wealth Exchange (KWE), a broken exchange platform that it is alleged was “created, controlled and operated” by the pastor and his wife.</span></p> 
<p><span style="font-weight: 400;">Regaldo claimed God told him directly that investors would become wealthy if they put money into INDXcoin.”&nbsp;</span></p> 
<p><span style="font-weight: 400;">“Either I misheard God, and every one of you who prayed and came in,” Regaldo said. “Or two, God is still not done with this project.”</span></p> 
<p><img decoding="async" src="https://atlantablackstar.com/wp-content/uploads/2025/01/Eli-Regalado.jpg" alt="Colorado Pastor Says He May Have 'Misheard' God's Instructions After Being Accused In $3.2M Cryptocurrency Scheme"></p> 
<h2 id="span-style-font-weight-400-indxcoin-was-used-to-fund-a-lavish-lifestyle-span"><span style="font-weight: 400;">INDXCoin Was Used To Fund A Lavish Lifestyle</span></h2> 
<p><span style="font-weight: 400;">Regalado and his wife sold the cryptocurrency between June 2022 and April 2023. During this period they managed to rake in about $1.3 million from the sales, Regalado said. He acknowledged spending “a few hundred thousand dollars” on “a home remodel that the Lord told us to do.”&nbsp;&nbsp;</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">And looking at them Jesus said to them, “With people this is impossible, but with God all things are possible.” Matthew 19:26</p> 
 <p>— INDXcoin (@indxcoin) <a href="https://twitter.com/indxcoin/status/1673019314172198917?ref_src=twsrc%5Etfw">June 25, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">“The Lord said: I want you to build this,” Regalado said. “We took God at his word and sold a cryptocurrency with no clear exit.”</span></p> 
<p><span style="font-weight: 400;">The commissioner wrote in the filing that the Regalados’ lack of knowledge of </span><a href="https://insidebitcoins.com/news/5-best-cryptocurrencies-to-buy-now-btc-sei-lpx-sui-bonk"><span style="font-weight: 400;">cryptocurrencies</span></a><span style="font-weight: 400;"> was “clear” after a third party auditor’s report highlighted several flaws in INDXcoin’s code.</span></p> 
<p><span style="font-weight: 400;"> The independent auditor deemed the code as “unsafe, unsecure and riddled with serious technical problems.” Despite this, the pastor marketed the crypto as a “low risk, high profit investment, ” according to the filing. </span></p> 
<p><span style="font-weight: 400;">Regalado acknowledged he had no previous experience in trading cryptocurrencies, but said he was only following God’s orders.</span></p> 
<h3 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles:</span></h3> 
<ul> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/ftx-has-already-sold-1-billion-of-its-grayscale-bitcoin-etf-shares-indicating-selling-pressure-on-bitcoin-may-ease"><span style="font-weight: 400;">FTX Has Already Sold $1 Billion Of Its Grayscale Bitcoin ETF Shares, Indicating Selling Pressure On Bitcoin May Ease</span></a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/new-and-best-meme-coins-to-buy-january-24-dogwifhat-shiba-predator-4chan"><span style="font-weight: 400;">New and Best Meme Coins to Buy January 24 – dogwifhat, Shiba Predator, 4Chan</span></a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/best-crypto-watch-2024-top-5-cryptocurrencies-high-calsona-f8pve/"><span style="font-weight: 400;">Best Crypto to Watch in 2024: Top 5 Cryptocurrencies with High Potential</span></a></li> 
</ul> 
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row"> 
 <div class="inContentProviderSingle--wrapper"> 
  <div class="container"> 
   <div class="row mb-lg-3"> 
    <div class="col-12 col-md-8"> 
     <p class="inContentProviderSingle--title">New Crypto Mining Platform - Bitcoin Minetrix</p> 
    </div> 
    <div class="col-12 col-md-4"> 
     <div class="inContentProviderSingle--rating"> 
      <div class="rating--holder"> 
       <p class="rating--text">Rating</p> 
       <div class="rating--star-container"> 
        <div class="rating--star" style="width: 100%;"></div> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="row">  
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"> 
     <img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60"> 
    </div> 
    <div class="col-12 col-md-8"> 
     <ul class="inContentProviderSingle--list"> 
      <li>Audited By Coinsult</li> 
      <li>Decentralized, Secure Cloud Mining</li> 
      <li>Earn Free Bitcoin Daily</li> 
      <li>Native Token On Presale Now - BTCMTX</li> 
      <li>Staking Rewards - Over 100% APY</li> 
     </ul> 
    </div>  
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"> 
     <img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60"> 
    </div> 
   </div> 
   <div class="row"> 
    <div class="col-12 text-center"> 
     <div class="inContentProviderSingle--button"> <a href="https://insidebitcoins.com/visit/bitcoinminetrix" title="Start Trading" rel="nofollow">Learn More</a> 
     </div> 
     <div class="inContentProviderSingle--disclaimerText"> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
</div>

Colorado Pastor Says He May Have “Misheard” God’s Instructions After Starting Crypto Project That Lost Investors Millions

목차

Inside Bitcoins

2024년 1월 25일에 게재된 다른 기사

GBTC Not Behind Bitcoin Crash, CryptoQuant CEO Says

Turkey’s Central Bank Hikes Interest Rates to 45%

Bitcoin’s Leverage and Funding Rates: A Potential Buying Opportunity?

Latest Market Overview 24th Jan: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, LINK

Dogecoin Developer Deploys Classic First-Person Shooter ‘Doom’ on DOGE Network – Here’s How

Federal Court of Canada Ruled Against Emergency Law Used By Government To Freeze Trucker Protest ...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!