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Kik Closes Flagship App, Switches to Small Team

Published 09/24/2019, 04:11 AM
Updated 09/24/2019, 05:21 AM
 Kik Closes Flagship App, Switches to Small Team

The Kik project, one of the largest ICOs in 2017, is closing the flagship chat app that promised to bring crypto adoption to a mass audience. The Canadian company has been fighting a lawsuit from the US Securities and Exchange Commission, which dealt the final blow to the company.

Ted Livingston, the company’s CEO, announced the new pivot of the project in a recent blog posting. Outside the official announcement, Livingston reportedly contacted the CoinDesk crypto outlet with hints that he is leaving the project to avoid potential troubles with the law.

This article appeared first on Cryptovest

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