A pastor and his wife, following divine direction, launched a cryptocurrency aimed at fellow Christians. But when the coin tanked, believers lost millions, raising questions about faith and fraud.
When Eli Regalado heard God instruct him to sell cryptocurrency, he and his wife Kaitlyn launched INDXcoin. Over 500 people, including Debbie Bonilla and her husband Jose, invested more than $3 million. Within a year, the project collapsed, leaving investors like the Bonillas questioning their trust in crypto and God.
The crypto market’s growth has coincided with a rise in fraud. In 2025, scammers siphoned off at least $14 billion, and the US reported $7.2 billion in losses. The sector’s lack of oversight and the complexity of regulation make it ripe for exploitation.
As the Regalados’ story highlights, the line between faith and fraud is thin. Will future investors heed divine guidance or rely on due diligence?
