How they would pressure exchanges not to list Kin.
How they would take our quotes out of context to manipulate the public to view us as bad actors. While we are ready to take on the SEC in court, we underestimated the tactics they would employ. So with the SEC working to characterize almost all cryptocurrencies as securities we made the decision to step forward and fight. Becoming a security would kill the usability of any cryptocurrency and set a dangerous precedent for the industry. Livingston wrote that the company's legal fight with the SEC had drained resources and led to some hard decisions, such as closing down the messenger app.Īfter 18 months of working with the SEC the only choice they gave us was to either label Kin a security or fight them in court. Securities and Exchange Commission (SEC) over the cryptocurrency Kin. 23 about the company's legal battle with the U.S. Livingston announced that the Kik messenger app was closing in a Medium blog post published on Sept. To confuse matters further, an unrelated hoax about Ted Livingston, the CEO of Kik Interactive, was circulated in the aftermath of these reports. The news came as a shock to many Kik users, especially because, as of this writing, an official statement about the messenger app shutting down had not been posted to the company's website or official Twitter or Facebook pages. The company said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created. Kik Messenger is shutting down despite the service having millions of active users around the world. 24, 2019, a number of news outlets reported that the messaging app Kik would be shutting down.
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