US Judge Says That Kik's Token Sale Violated Securities Law
1 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan
On September 30, a U.S. district judge for the Southern District of New York ruled that messaging app KIK’s $100 million token sale held in 2017 violated securities law. The judge said that the KIK token met all of the criteria of the Howey test, wh...