The SEC Requests Early Judgment in the Lawsuit Against Kik

The United States Securities and Exchange Commission (SEC) has sought early summary judgment in its case against messaging platform Kik, over its $100 million KIN initial coin offering (ICO) in 2017. The legal battle between the SEC and Kik started back in June 2019 when the Commission filed a lawsuit claiming the company’s ICO involved...

Two Individuals Arrested For Multi-Million Dollar Cryptocurrency Extortion

A former Ethereum advisor Steven Nerayoff and Michael Hlady (also known as “Michael Peters”) were arrested after allegedly making a threat that they will put the cryptocurrency startup company to an end if they don’t get paid millions of dollars worth of Ethereum (ETH).  “As alleged, Nerayoff and Hlady carried out an old-fashioned shakedown, to...