Cryptocurrency exchange HitBTC has quietly delisted kin (KIN) token from its platform amid the news of the SEC lawsuit against Kik Interactive Inc.
Earlier, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Kik Interactive Inc. for unregistered selling of securities during its initial coin offering (ICO) that raised $100 million back in 2017.
At press time, HitBTC hasn't made any official statement.
According to The Block, HitBTC was the latest exchange with real KIN volume trades. From now, KIN is tradable only on exchanges with supposedly fake volumes or on DEX exchanges like EtherDelta or Bancor.
Last month, Binance DEX, a decentralized features-based exchange, which is developed on top of Binance Chain announced it would ban U.S. residents and users from other 28 jurisdictions, including Belarus, the Crimea region of Ukraine and Venezuela starting in July, according to the exchange's Terms of Service.
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