Here’s some bad news for people who were really looking forward to throwing a bunch of money away: the Bitcoin knockoff endorsed by Steven Seagal has received a cease-and-desist order from New Jersey’s Bureau Of Securities for “fraudulently offering unregistered securities in violation of the Securities Law.” Seagal’s cryptocurrency is known as “Bitcoiin,” which really should’ve been the second red flag after finding out that Seagal was involved, and Vice’s Motherboard is reporting that the New Jersey government believes Bitcoiin is totally lying in its claims about being a new kind of futuristic currency that is somehow safe from whatever invisible magic causes other cryptocurrency prices to fluctuate.