Social media organization Kik has responded to a United States Securities and Exchange Commission (SEC’s) complaint alleging that Kik violated securities laws in its 2017 token fundraiser.
In a court filing dated Aug. 6, Kik’s lawyers state that the SEC relied on taking quotes out of context and twisting facts in order to support their allegations. Kik further wrote that the SEC resorted to misrepresenting the facts because they have no strong evidence to support their claims: