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Couple accused of fraud after launching crypto based on divine guidance

By PulseAugur Editorial · [1 sources] ·

Eli and Kaitlyn Regalado, a couple with no prior experience in cryptocurrency, launched INDXcoin based on divine guidance they claimed to receive. They promoted the digital currency within evangelical Christian communities, convincing over 500 individuals to invest more than $3 million. However, the project collapsed within a year, leaving investors with significant losses and raising accusations of fraud, as the crypto market has seen a rise in fraudulent schemes. AI

RANK_REASON The story focuses on a personal narrative of alleged fraud driven by religious claims, rather than a core AI development or industry trend.

Read on MIT Technology Review →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Couple accused of fraud after launching crypto based on divine guidance

How we ranked this

Signal score
0 / 100
Composite score across the factors below. Higher = stronger signal that this story matters right now.
Newsworthiness bucket
Meme
The story focuses on a personal narrative of alleged fraud driven by religious claims, rather than a core AI development or industry trend.
Source corroboration
Single-source cluster
Only one publisher covered this so far. Single-source stories can still rank when the publisher is high-authority, but they lack cross-source corroboration.
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other
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AI-industry relevance
Low
Off-topic or adjacent — cluster remains reachable but doesn't surface in AI-industry rankings.
Story freshness
Breaking (< 6h)
Fresh story with cross-source coverage still developing. Ranking may shift as more sources report.

Full methodology in our editorial standards.

COVERAGE [1]

  1. MIT Technology Review TIER_1 English(EN) · Katia Savchuk ·

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

    This article was produced in partnership with Type Investigations and with support from the Fund for Investigative Journalism. When Eli Regalado first heard God speak to him, he wondered whether he was hallucinating. Now he likens the experience to having “a thought that is not m…

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