Alleged Fraud Charges Against Pastors for INDXcoin Scam
As highlighted by Cryptonews, the US Colorado Division of Securities recently filed civil fraud charges against Eligio (Eli) and Kaitlyn Regalado for their involvement in the INDXcoin scam. The Regalados allegedly violated various provisions of the Colorado Securities Act by promoting a cryptocurrency ‘INDXcoin’ to Christian community members. Despite raising millions from investors, the token was deemed unsafe and practically worthless.
In a statement, pastor Eli Regalado claimed that divine intervention led them to create INDXcoin, promising investors significant returns. However, an auditor’s report revealed serious technical flaws in the project, which the couple chose to ignore. Their actions resulted in substantial losses for investors while funding their extravagant lifestyle.
Masa Network’s Successful Seed Fundraising Round
Masa Network, a decentralized data marketplace builder, recently concluded a $5.4 million Seed Fundraising Round, with Anagram, led by prominent figures like Lily Liu and Joe Eagan, as the primary investor. This funding round, which includes support from various industry players, brings Masa’s total funding to $9.2 million.
The team plans to utilize the funds to facilitate the launch of Masa’s Mainnet in Q1, establishing a dedicated Avalanche Subnet in collaboration with Avalanche. One of Masa’s core objectives is to create a decentralized platform for personal data management, empowering users while ensuring data privacy through cutting-edge encryption technologies.
Developers and users alike can contribute and access data on Masa’s network, enabling the creation of innovative applications while preserving the privacy and security of individual data. Since its inception, Masa has garnered significant traction, connecting over a million wallets and facilitating the exchange of millions of data points on its network.
- Decentralized Google-like platform
- Empowers users through data contributions
- Encourages privacy-preserving AI development
Furthermore, Crypto exchange Bybit introduced the second generation of its ByBUIDLERs Program, aimed at nurturing content creators and influencers within the crypto community. With the program’s success in its first edition, Bybit is expanding its reach to Europe and Australia, offering comprehensive training and new incentives to participants.
Participants in the ByBUIDLERs Program will engage in various roles, driving business development, content creation, and marketing initiatives. Notably, their contributions will be rewarded through a point-based system, offering exclusive benefits and bonuses. Bybit acknowledges the profound impact of community engagement and aims to foster a vibrant ecosystem of crypto influencers.
