A judge has ruled that the $100 million ICO conducted by the Canadian messaging platform Kik in 2017 violated federal securities laws.
Source: https://cointelegraph.com/news/court-rules-kik-s-2017-ico-violated-u-s-securities-laws
Court rules Kik’s 2017 ICO violated U.S. securities laws
October 1, 2020
CoinTelegraph