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Coindesk Fooled, Amends Kik/Kin Article

September 24, 2019 11:55 am by FomoHunt

New York — Cryptocurrency news desk, Coindesk, has amended an article it released a day ago. It previously reported that the CEO of the Kik messaging program had admitted he would be stepping down amidst an investigation by the SEC. An imposter allegedly made the comments as the real CEO was on a plane from Israel to Washington. 

As it stands, it appears that the Kik messenger service will be shutting down, while the non-profit Kin foundation will remain operational. Kik raised a substantial amount of funding through an ICO in 2017 and has been under investigation by the SEC as an unregistered security. The case is ongoing.