January 15, 2020
Kik Interactive Inc. and the U.S. Securities and Exchange Commission have once more asked for a decision in a discovery dispute over whether the agency can ask more questions of Kik in a case alleging the messaging company engaged in an unregistered securities offering of digital tokens.
January 01, 2020
In 2019, the U.S. Securities and Exchange commission brought a pair of closely watched actions against Kik Interactive Inc. and Telegram Group Inc. for unregistered offerings of digital tokens, setting the stage for an intriguing 2020. Two other big names in fintech, Bitfinex and Tether, faced questions about potential market manipulation.
November 13, 2019
A New York federal judge told Kik Interactive to move on with discovery in the U.S. Securities and Exchange Commission's suit alleging the Canadian messaging company engaged in an unregistered securities offering, blocking testimony from high-ranking officials.
November 12, 2019
Kik Interactive pressed a New York federal judge to rethink its request to depose high-ranking U.S. Securities and Exchange Commission officials in the regulator's suit over the messaging company's $100 million token offering, saying the officials' testimony would provide crucial insight into how the agency treats cryptocurrency.
October 29, 2019
A New York federal judge said Tuesday he would not grant Kik Interactive Inc.'s request for depositions related to its defense against a U.S. Securities and Exchange Commission enforcement action over the company's $100 million token offering.
October 25, 2019
The U.S. Securities and Exchange Commission told a New York federal judge Thursday that messaging company Kik Interactive Inc. is using a baseless challenge of securities law to seek discovery in a way that would create an "irrelevant sideshow" and distract from its illegal conduct.
August 07, 2019
Canadian messaging company Kik vehemently denied that it conducted an unregistered securities offering, saying late Tuesday that the SEC's complaint against it showed a "consistent effort to twist the facts."
June 04, 2019
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.