Notebookcheck Logo

Steven Seagal no longer Bitcoiin ambassador

Steven Seagal is yet to comment about his ambassadorship ending. (Source:
Steven Seagal is yet to comment about his ambassadorship ending. (Source:
It seems actor Steven Seagal is no longer the brand ambassador for the cryptocurrency Bitcoiin. Agents for the virtual currency (VC) have claimed that a soft cap of US$75 million has now been reached, meaning that both the founders of Bitcoiin and Seagal will “exit” from any further direct involvement with the controversial VC. The State of New Jersey recently issued a cease and desist order to the token’s founders.

The cryptocurrency world has been rocked by the news that Steven Seagal is no longer a Bitcoiin Brand Ambassador. A press release issued by the VC's creators today stated:

As Bitcoiin goes through the conversion phase from token to mineable coin we wish to advise that Bitcoiin will join the likes of the original Bitcoin and become a truly open source. Therefore a big thank you to the Founders and to our Brand Ambassador whom we wish all the best in their future endeavors. However, from this point on Bitcoiin will function within its ecosystem and become a genuinely anonymous cryptocurrency with no individual or individuals having control over the entity!

According to the VC’s website, the soft cap target of US$75 million has been achieved and therefore it is time for Bitcoiin to “convert to mineable coins.” There have been several crackdowns on questionable cryptocurrency business practices in the last few months and Bitcoiin has been subject to a cease and desist order coming from regulators in New Jersey, who pointed out that the VC is not registered to sell securities in that state. In fact, the order goes further with its criticisms of the digital currency, publishing these conclusions:

In actuality, Bitcoiin is fraudulently offering unregistered securities in violation of the Securities Law.


The Bitcoiin Websites do not disclose what expertise, if any, Steven Seagal has to ensure that the Bitcoiin investments are appropriate and in compliance with federal and state securities laws.

The actor is currently facing a number of accusations in regard to sexual misconduct, but it is not known if this has been a contributing factor to the Hollywood hardman and Bitcoiin2Gen parting ways.


+ Show Press Release
static version load dynamic
Loading Comments
Comment on this article
Please share our article, every link counts!
Daniel R Deakin, 2018-03-27 (Update: 2018-03-27)