SEC sues Kik, alleging that it's $100 million 2017 ICO was an unregistered security offering; the compliant alleges that Kik was considerably unprofitable and pivoted to an ICO as a 'Hail Mary' funding source

June 4, 2019 SEC sues Kik, alleging that it’s $100 million 2017 ICO was an unregistered security offering; the compliant alleges that Kik was considerably unprofitable and pivoted to an ICO as a ‘Hail Mary’ funding source

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