Is Kik shutting down a hoax or is it related to the cryptocurrency industry?

7 answers

• rolandoOct 29, 2024 · a year ago
  It's not a hoax. Kik, the popular messaging app, announced that it will be shutting down. However, the shutdown is not directly related to the cryptocurrency industry. Kik's decision to shut down is primarily due to a legal battle with the U.S. Securities and Exchange Commission (SEC) over its initial coin offering (ICO) in 2017. The SEC claims that Kik's ICO violated securities laws. While Kik initially planned to fight the SEC in court, the company ultimately decided to shut down and focus on its cryptocurrency, Kin, which will continue to operate under a new independent entity.
  587

  294
• Poppy ChiropracticJul 21, 2020 · 6 years ago
  No, it's not a hoax. Kik is indeed shutting down. However, the shutdown is not directly linked to the cryptocurrency industry. Kik's decision to shut down is a result of the ongoing legal battle with the SEC. The SEC alleges that Kik's ICO was an unregistered securities offering. Despite the shutdown, Kik's cryptocurrency, Kin, will continue to be developed and supported by a new independent organization. So, while Kik's messaging app is shutting down, its cryptocurrency project will continue.
  498

  166
• Someone SomethingDec 24, 2020 · 5 years ago
  No, it's not a hoax. Kik, the messaging app, has announced that it will be shutting down. The decision to shut down is not directly related to the cryptocurrency industry, but it does have implications for the future of Kik's cryptocurrency, Kin. Kik has decided to focus on its cryptocurrency project and has formed a new independent entity to continue its development. This move allows Kik to separate its messaging app from its cryptocurrency, ensuring that Kin can continue to thrive even after the shutdown of the messaging app.
  533

  134
• SaturnDec 13, 2024 · a year ago
  Kik's shutdown is not a hoax. The messaging app has indeed announced its decision to shut down. However, the shutdown is not directly tied to the cryptocurrency industry. Kik's shutdown is primarily a result of the legal battle with the SEC over its ICO. The SEC alleges that Kik's ICO violated securities laws. Despite the shutdown, Kik's cryptocurrency, Kin, will continue to operate under a new independent entity. So, while Kik's messaging app is shutting down, its cryptocurrency project will carry on.
  507

  102
• ADİL ALPEREN ÇİFTCİFeb 20, 2026 · a month ago
  No, it's not a hoax. Kik has officially announced that it will be shutting down. However, the shutdown is not directly related to the cryptocurrency industry. Kik's decision to shut down is primarily due to the legal battle with the SEC. The SEC claims that Kik's ICO violated securities laws. Despite the shutdown, Kik's cryptocurrency, Kin, will continue to operate independently. So, while Kik's messaging app is shutting down, its cryptocurrency project will remain active.
  477

  80
• I'm RonaldJan 15, 2022 · 4 years ago
  No, it's not a hoax. Kik, the messaging app, is indeed shutting down. However, the shutdown is not directly related to the cryptocurrency industry. Kik's decision to shut down is a result of the legal battle with the SEC over its ICO. The SEC alleges that Kik's ICO violated securities laws. Despite the shutdown, Kik's cryptocurrency, Kin, will continue to operate under a new independent entity. So, while Kik's messaging app is shutting down, its cryptocurrency project will carry on.
  487

  70
• PeteBApr 16, 2021 · 5 years ago
  No, it's not a hoax. Kik, the messaging app, is indeed shutting down. However, the shutdown is not directly related to the cryptocurrency industry. Kik's decision to shut down is primarily due to the legal battle with the SEC over its ICO. The SEC claims that Kik's ICO violated securities laws. Despite the shutdown, Kik's cryptocurrency, Kin, will continue to operate under a new independent entity. So, while Kik's messaging app is shutting down, its cryptocurrency project will carry on.
  491

  62