Kik Raised 98M With A Potentially Illegal Ico Now It Wants Your Money To Fight The Sec
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. SEC regulators have already commenced legal action against Kik, which raised $98 million in late 2017 with an initial coin offering to develop the Kin blockchain protocol and cryptocurrency ecosystem....