Latest Kik News

Business 22 October 2020

SEC and Kik propose $5M settlement to end ICO feud

If approved by the court, the settlement will “permanently enjoin Kik from committing future violations of the Securities Act of 1933” and require Kik to pay a penalty of $5 million.

Business 5 October 2020

SEC wins summary judgment against Kik ICO

Judge Alvin Hellerstein ruled in favor of the SEC and against Kik’s $100 million ICO, finding that the token sale was in fact an unregistered digital token offer.

Embattled Kik’s new owner announced
Business 21 October 2019

Embattled Kik’s new owner announced

Kin cryptocurrency caused the U.S. Securities and Exchange Commission to drop its hammer on the company, and the result was the company deciding to put all its resources into fighting the lawsuit.