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...

Telegram to pay $18.5 million and return $1.2 billion following SEC crypto charges

Telegram’s initial bid to launch its “Gram” cryptocurrency has failed. The US Securities and Exchange Commission (SEC) announced today that in order to resolve charges of violating federal securities laws, it has ordered Telegram to return more than...

SEC sues Kik for running an unregistered Initial Coin Offering

The US Securities and Exchange Commission (SEC) is suing messaging service Kik Interactive, stating that its 2017 digital token sale, which raised $100 million, was essentially an illegal, unregistered securities offering. According to Bloomberg, thi...