A Denver District Court has ordered Indxcoin LLC and its founders, Eli and Kaitlyn Regalado, to pay $3.34 million for securities fraud. Judge Heidi L. Kutcher issued the judgment on September 16, following a trial in May. The case, brought by Securities Commissioner Tung Chan in January 2024, accused the Regalados of misleading over 300 investors by promoting a worthless digital token and raising nearly $3.4 million. Despite lacking expertise, they promised stability and profit, while using investor funds for personal luxuries. A viral video exposed their misuse of funds, and a Denver grand jury has indicted them on 40 criminal counts. Commissioner Chan highlighted the ruling as a victory for victims and a deterrent to fraudulent activities.