The latest high profile scam coin in the crypto space B2G has been causing headaches for regulators and investors alike.

B2G is a pyramid scheme involving cloud mining and a highly volatile cryptocurrency B2G (Bitcoiin2G). The project has had a lot of attention and promotion from “celebrities” such as Steven Seagal and the notorious crypto scammer John McAfee.

The token itself was offered on some shady exchanges from the getgo, with one of them offering you extraordinary exchange rates but you could never cash them out for anything near the prices in Bitcoin.

But now John McAfee has stepped up his game in promoting this scam coin telling his followers it's currently up 30% and it’s not too late to enter the market but be wary as none of the exchanges it's listed on hold any legitimacy.

Before the endorsements of Steven Seagal and John McAfee, the product was unheard of but the actions of New Jersey gave it the attention it should have never received.

But it's not just a scam coin the low hash rate of the project has caused serious concerns for the exchanges handling the coins. The major risk is that miners could move in from other projects and control the whole network.

What we know is that B2G is a scam and everyone should avoid it like the plaque and that John McAfee has no shame and will do anything for a few dollars.