According to the indictment, at least 300 people invested in the token, which authorities say “maintained zero value,” resulting in total losses for all investors."
That is an unfortunate one for the investors, i am sure most of them know nothing about cryptocurrency, neither did they even do the smallest of research regarding this scam INDXcoin. They were only investing in this because of the faith and trust they had in this pastor, too bad that in the crypto network you shouldn't trust, but verify.
Imagine if these people had invested all these money in BTC, they would have made good returns now. But people are mostly only moved when you sell them the promise of quick wealth.
I didn't want to create multiple topics about pastors. If people are stupid, they would have lost their money anyway.
There was a similar situation with SBF, after Sam's arrest Solan's coin went up a lot and his assets were enough to recover the money, pay all the fines, on Sam is still in jail.
All these stories teach us that if you want to invest, you need to learn, not listen to pastors, neighbors, friends, etc