A $100m ICO being sued by the SEC wants more of your money

Gareth Jones

June 7, 2019

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Gareth Jones

Last week the “foundation” behind Kik, the company that raised $100m in an ICO in 2017 for the “Kin” token, set up a new website: www.defendcrypto.org to help raise money take on the SEC. The FT's Alphaville have found some wags who have set up an alternative site called www.defundcrypto.org - check it out its pretty funny!

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I was pretty outraged that a VC would do a fundraising campaign for his ICO that's already raised $100m. But I decided that rather than expressing my outrage on Twitter, I should make my own site . . . We all spend a lot of time yelling into the abyss on Twitter, and this is a little more palatable. And so, over several whiskies, he purchased the domain name defundcrypto.org, and along with Cas Piancey and Kyle Gibson, set to work on building a site, riffing off the Defend Crypto one. It's great:

https://ftalphaville.ft.com/2019/06/05/1559721360000/A--100m-ICO-being-sued-by-the-SEC-wants-more-of-your-money/