Crypto Founder Claims Divine Instruction Led to Investor Losses

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Eli Regalado, founder of Kingdom Trust, stated divine instruction led him to sell the platform's assets. Investors reportedly lost their funds following this decision.

Key facts

• Eli Regalado, founder of Kingdom Trust, stated he received divine instruction to sell the platform's assets.
• The sale of Kingdom Trust's holdings reportedly resulted in investors losing their funds.
• The event has raised questions about the governance of decentralized finance entities.
• This highlights the need for financial transparency and oversight in the cryptocurrency sector.
• External, non-verifiable motivations for financial decisions are a point of concern.