In a devastating ruling, a federal judge handed down a summary judgement finding that Kik’s $100 million initial coin offering in 2017 was an unregistered and illegal securities offering.
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Despite SEC lawsuit against Kik, Kin Ecosystem is growing, claims GM | Interview
Alex Frenkel sees developer interest in tokenomics gaining steam
Kin Ecosystem is alive and well, according to its general manager, Alex Frenkel. That’s despite the Securities and Exchange Commission lawsuit against Kik Interactive, the company which created Kin. The SEC claims the Canada-based messaging app sold unregistered securities to U.S. investors during its 2017 ICO. The complaint stopped short of alleging that the Kin token—which is governed by Kin Ecosystem—is a security.
