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ZynCoin Meme Token Patches Things Up With Tobacco Giant Philip Morris

The Fortune 500 firm initially demanded an end to the crypto named for its nicotine pouch, but backed down after realizing there was no entity to sue.

By Sam Reynolds|Edited by Marc Hochstein

Updated Jun 26, 2024, 4:15 p.m. Published Jun 26, 2024, 4:11 p.m.

NEW YORK, NEW YORK - JANUARY 29: In this photo illustration, ZYN nicotine cases and pouches are seen on a table on January 29, 2024 in New York City. Sen. Chuck Schumer (D-NY) is calling for federal action on ZYN, a popular nicotine pouch in the United States. The senator is asking the FTC and FDA to investigate the companies marketing and the health effects of the nicotine pouch. (Photo Illustration by Michael M. Santiago/Getty Images) — The Zyncoin team agreed to remove references to specific circular canisters on its website to avoid possible brand confusion. (Michael M. Santiago/Getty Images)