SEC launches complaint against Waterloo’s Kik Interactive over US$100 million crypto offering

SEC launches complaint against Waterloo’s Kik Interactive over US$100 million crypto offering

The U.S. Securities and Exchange Commission is seeking a disgorgement of “ill-gotten gains” and civil penalties from Waterloo, Ont.-based Kik Interactive Inc. over a US$100 million initial coin offering the company launched in 2017. Kik marketed the offering as a currency called Kin, tokens that could be used in the future in a “Kin Ecosystem.”