US court agrees with SEC that Kik's $100 million coin offering violated the law

A US district judge for the Southern District of New York has agreed with the Securities and Exchange Commission’s assessment that Kik’s $100 million initial coin offering (ICO) in 2017 was a securities sale. Judge Alvin Hellerstein has granted SEC’s...

source https://www.engadget.com/court-sides-with-sec-kik-initial-coin-offering-lawsuit-085529306.html