Messaging App Kik Becomes SEC Casualty, Shuts Down Operations

Messaging app Kik, already embroiled in a contentious court battle with the SEC over the 2017 initial coin offering (ICO) of its Kin token, is shutting down. The company’s announcement was made in a blog post published earlier today, after reports surfaced online that it had laid off 70 people from the development team for… Read More Messaging App Kik Becomes SEC Casualty, Shuts Down Operations

SEC “Badly Mischaracterizes” Case Against Kin: Kik

Messaging app Kik Interactive has filed a response to the SEC’s complaint against it last month. In its complaint, the federal agency had alleged Kik’s offering of its token called Kin was a “hail mary” unregistered security offering intended to shore up dwindling revenues and a decline in user numbers on its app. The complaint… Read More SEC “Badly Mischaracterizes” Case Against Kin: Kik