News for hackers. Stuff that matters.

A comment on SEC Charges Kik With Conducting $100M Unregistered ICO. Parent comment

Re:SEC Charges Kik With Conducting $100M Unregistered ICO by tw04 on Tuesday June 04, 2019 @06:05PM (#20099714)
If I have nothing and rob a bank, should I get get to keep half? Why should the penalty bankrupt me?
[ Parent | on HN ]
Re:SEC Charges Kik With Conducting $100M Unregistered ICO by shawnz on Tuesday June 04, 2019 @06:14PM (#20099767)
No, that's a much different situation. Kik could have acted legally and still made a profit on this idea, although maybe less. In your example, clearly there is no "legal" way in which you could have robbed the bank
[ Parent | on HN ]
Re:SEC Charges Kik With Conducting $100M Unregistered ICO by tw04 on Tuesday June 04, 2019 @08:01PM (#20100358)
In their own words they couldn't make a profit...

As for their being no legal way to rob a bank, there are a whole bunch of folks from the 2009 mortgage crises who would beg to differ.

[ Parent | on HN ]