• Kik loses SEC suit
    The SEC emerges victorious in its ICO lawsuit against Kik (via Shutterstock).
    Alt coins,  Cryptocurrencies,  Regulation,  United States

    Kik won’t get its day in court

    The messaging app turned blockchain developer loses badly to the SEC after a summary judgement finds that 2017’s $100 million Kin ICO was an illegal, unregistered securities sale

    October 1, 2020 /

    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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