Bitcoiin2Gen (B2G)
A 2018 ICO that billed its B2G token as 'the next generation of Bitcoin.' New Jersey issued a cease-and-desist calling it a fraudulent unregistered securities offering, and the SEC charged actor Steven Seagal for touting it without disclosing he was promised $250K cash plus $750K in tokens.
Also known as: Bitcoiin2Gen, Bitcoiin, B2G, Steven Seagal
Summary
Bitcoiin2Gen (B2G) ran an initial coin offering in early 2018, marketing its Ethereum-based token as "the next generation of Bitcoin" and claiming it would build a trading/wallet/mining "ecosystem." [1][2]
Regulatory actions
In March 2018, the New Jersey Bureau of Securities issued a cease-and-desist order alleging B2G was fraudulently offering unregistered securities. Separately, in February 2020 the SEC charged actor Steven Seagal — announced as B2G's "brand ambassador" — for unlawfully touting the ICO without disclosing that he was promised $250,000 in cash and $750,000 worth of B2G tokens. Without admitting or denying the findings, Seagal agreed to pay about $314,000 (disgorgement plus a penalty) and not to promote securities for three years. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
Gala Games exploitTokensOn May 20, 2024 an attacker abused a privileged minter account on the GALA token contract to mint 5 billion GALA (≈$200M+ nominal) and dumped ~600M of them for ~$22M of ETH before Gala froze the address. Gala Games called it an internal access-control failure; the attacker later returned the ~$22M.
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