TechLair

  • Home
  • contact
  • About
  • Privacy Policy

Kik raised $98M with a potentially illegal ICO. Now it wants your money to fight the SEC

Tuesday, May 28, 2019 by Piyush Suthar | Comments

Home News Tech Kik raised $98M with a potentially illegal ICO. Now it wants your money to fight the SEC

Kik, the embattled messaging startup behind the Kin cryptocurrency, is now crowd-sourcing donations to help fund its legal battle with US regulators. The Defend Crypto Fund is said to be tailored specifically to fight the US Securities and Exchange Commission (SEC) “on behalf of the future of crypto in the [United States].” So far, Kik itself has contributed $5 million to the fund, which is apparently held in special Coinbase accounts. Earlier this month, Coindesk quoted its CEO saying the firm had spent at least $5 million throughout the ordeal already. “Any additional contributions will be held with Coinbase and will only…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


Follow me on Twitter, Facebook, Google+, YouTube.

Load comments
  • Newer Post
  • Home
  • Older Post
  • techlair
    Over 1,500+ Readers

    Get fresh content from TechLair

    brand222 facebook brand2 envelope-o

    BEST OF TechLair

    30 Best Free Handwriting Fonts For Designers
    Poco F1 Price Slashed; Available for Just Rs. 17,999
    Malala Yousafzai and Elon Musk's little Twitter conversation has won over many hearts
    Customer experience is about emotion, not technology


    Copyright © 2019 TechLair. All rights reserved.
    Privacy Policy • DMCA • Contact