SEC Sues Kik For $100M Unregistered ICO

SEC Sues Kik For $100M Unregistered ICO – Law360

The U.S. Securities and Exchange Commission sued Kik Interactive Inc. on Tuesday in New York federal court claiming it conducted an unregistered initial coin offering when it sold $100 million worth of its cryptocurrency Kin in 2017, $55 million of which was bought by U.S. investors.