Indicted by the SEC, Kik CEO suspected of collapse and drunk: "I don't want to go to jail"

According to CoinDesk, there is news that Kik CEO Ted Livingston may be about to withdraw from his social information startup Kik, which was founded in 2009. It has been reported that the application is about to close.

Livingston suspected that he was in a drunken situation and said he planned to leave the project on the grounds that he was worried about the SEC accusation by US regulators.

He wrote:

"I know that I have been drinking, but this is not a gibberish after drinking, I can't stand it."

He added: "We will have more discussions in the morning who will take over my position, but I resigned."

"I have bought a ticket and I am ready to run. I don't want to go to jail because of this."

Livingston deleted the message after a reporter received the message. When asked to clarify his comments, Livingston replied "no comment."

However, under the official Twitter of CoinDesk, Kile's general counsel Eileen Lyon came out to blame:

“CoinDesk posted an article on the evening of the 23rd, claiming that Livingston sent the email that was originally intended to be sent to Kik's board member William Mougayar to CoinDesk. But in fact, the reply to the email was probably an impostor, he was earlier. It was discovered that it was a man named Ted Livingston but used a Twitter ID called 'Ted e Bear'. This news is a fake news."

The people who eat melons are of course happy to face this kind of "tear". User SkYY7 commented:

"Laughter me. CoinDesk won't make a story?"

Peter C said:

"Who cares about this? Kik's currency has fallen by 90%."

Some netizens calmly analyzed a wave:

“I don’t think that resignation will solve the problem unless they have repaid all the funds raised in the ICO.”

Currently, CoinDesk has not responded to this.

The protracted lawsuit between Kik, based in Ontario, and the US Securities and Exchange Commission (SEC) is continuing. Kik had a $100 million ICO in 2017, claiming that the company’s allegations against the SEC cost the company $5 million. In May of this year, Kik also launched a “defense cryptocurrency” crowdfunding campaign and received some support from the encryption community. However, in June, the lawsuit filed by the US Securities and Exchange Commission (SEC) made Kik retreat.

Earlier Monday, Kik announced that the regulatory process had had a significant impact on the company and its social messaging service would be shut down. Livingston announced that Kik plans to reduce the number of core developers to 19 to continue to develop Kik's native token KIN.