The SEC Is Suing Kik for Its 2017 ICO
The U.S. Securities and Exchange Commission has filed suit against Kik over its 2017 initial coin offering.
Kik has sold its messaging business to a holding company called MediaLab but plans to continue enabling Kin on the platform
This article has been updated to rectify inaccuracies in our original reporting.
Kik is hoping to go to trial in the ongoing legal fight with the SEC over its 2017 kin token sale.
In a company blog post, Livingston said the ongoing dispute with the SEC has forced Kik to close its doors.
Kik CEO Ted Livingston discussed his company's legal fight with the SEC on CoinDesk Live last week.