Code Wallet Aims for Fresh Start on Solana After Messy Tale of Kik and KIN
Kik, the instant messaging app, founded KIN in 2017 but was forced to pay $5 million settlement to the SEC. Source
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Kik
Kik, SEC Propose $5M Settlement Over 2017 Token Sale
Kik and the U.S. Securities and Exchange Commission (SEC) have proposed settling their dispute over a 2017 token sale with a $5 million fine.The proposed joint settlement, which also enjoins the Canadian firm against future U.S. securities law violations, still needs approval from presiding judge Alvin K. Hellerstein, according to
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Crypto Subreddit Mods Remove Post That Connects Kik to Child Porn
On June 18, a user posted a link to a court document that accuses Kik of facilitating the exchange of child porn on the Kin Foundation’s subreddit. The link was then crossposted to Solana’s subreddit. Moderators for both subreddits subsequently removed the posts.Cryptox contacted the moderators of both subreddits on
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Kik and SEC Oppose Each Other’s Motions for Summary Judgment
The U.S. Securities and Exchange Commission, or SEC, and Kik Interactive have both filed oppositions to each other's motions for summary judgment on April 24.While Kik claims its offerings were exempt from registration requirements, the SEC asserts Kik’s 2017 initial coin offering (ICO) comprised a clear violation of securities laws.Kik
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Pitch Deck Says Solana Is Courting Dish Network, Kik for Its ‘Web-Scale’ Blockchain
DISH Network, a major U.S. television services provider, and Kin, the payments platform built by Kik, are reportedly looking to tap up-and-coming Solana as the basis for their blockchain networks.According to a Solana pitch deck seen by CoinDesk, which indicates the company is looking to raise at least $2 and
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Kik Continues Legal Battle With SEC, Requests Trial Date Definition
Kik Interactive Inc. requested the formal definition of a trial date for its lawsuit with the United States Securities and Exchange Commission (SEC), as revealed by a Jan. 9 court document. The company was charged by the SEC in June 2019 for conducting an unregistered security issuance with its
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Kik (Again) Asks for Trial in Legal Tussle With SEC Over Token Sale
Kik is hoping to go to trial against U.S. Securities and Exchange Commission (SEC) allegations that the company conducted an unregistered securities offering with its 2017 kin token sale.The SEC filed a status update on the legal battle Thursday, providing a tentative schedule for the proceedings and detailing the parties'
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Kik “Void for Vagueness” Plea Against SEC Dismissed by Judge
Kik, the former messaging app now shifting its focus to cryptocurrency, has been involved in a court case with the SEC, which alleges that a 2017 ICO breached the commission’s regulations due to the fact that its coin, Kin, is actually a security. Kik Legal Team Struggle for Plausible Explanation The legal
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Kik Messenger Saved From the Verge of Shutdown
On Oct. 13, Canadian social media and messaging app Kik revealed it’s “here to stay.” This was an apparent reversal from what the company's CEO, Ted Livingston, said in a blog post — that it was considering shutting down.It became clear just five days later why it was “here
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Kik Messaging App Now Has New Owner, Will Continue Work on Kin Token
MediaLab, a Santa Monica-based holding company, has finalized an agreement with Kik Interactive to acquire the Kik messaging platform.MediaLab sees the long-term potential of Kik and Kin tokenOn Oct. 18, in a blog post to the millions of members of the Kik community, MediaLab announced that it has acquired
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