Tag: Kin

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Court rules Kik’s 2017 ICO violated U.S. securities laws

A judge has ruled that the $100 million ICO conducted by the Canadian messaging platform Kik in 2017 violated federal securities laws. U.S. District Judge Alvin Kellerstein has sided with the U.S. Securities and Exchange Commission (SEC), ruling that the Canadian technology firm Kik’s $100 million initial coin offering (ICO) violated federal securities laws. On…
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SEC Seeks Early Judgement in Lawsuit Over Kik’s $100M ICO

SEC seeks an early victory in lawsuit against Canadian messenger firm Kik for $100 million ICO in 2017. The United States Securities and Exchange Commission (SEC) has requested an early summary judgment in its lawsuit against Kik over the messaging company’s $100 million KIN initial coin offering (ICO) during 2017. The SEC first brought its…
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