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.
People & entities involved
Sources (2)
See also
- Bitcoin Latinum (LTNM)TokensA ~$16M token offering (SAFTs for 'Bitcoin Latinum' / LTNM) that the SEC charged in 2026 as fraud: founder Donald Basile falsely called LTNM 'the world's first insured digital asset' backed by an 'existing trust,' neither of which existed, and diverted investor funds for personal use (including a $160,000 horse).
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.