Cryptocurrencies hawked by celebrities mostly a bust

Some things in life are obvious. The Pope's catholic, the sky's is blue, cryptocurrencies hawked by celebrities were bad investments, if not outright swizzes.


Last year, the actor became the brand ambassador for the cryptocurrency called “Bitcoiin,” which was just one letter away from the original thing. This past March, New Jersey regulators sent the Bitcoiin founders a cease-and-desist order, saying the coin was never registered as a security in the state.

Soon after, Seagal and the anonymous founders parted ways with the coin. Since then, his Twitter account has been largely silent and so has his Instagram, except for a mysteriously incongruous post on Thursday asking for donations for a homeless shelter in Russia.

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