SEC files charges against unregistered $100 million crypto token offering

SEC files charges against unregistered $100 million crypto token offering

By The Securities and Exchange Commission sued Kik Interactive Inc. on Tuesday for what it said was an illegal $100 million securities offering of its digital token, Kin. The SEC charges that Kik sold its “Kin” tokens to the general public, and at a discounted price to wealthy purchasers, raising more than $100 million, $55 million of it from U.S.










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