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news-imageNovember 1, 2024

IMX Token Crashes as Immutable Receives SEC Enforcement Warning

TL;DR The IMX token from Immutable drops 12.88% following a possible SEC enforcement action over alleged unregistered securities sales. The firm received a Wells Notice warning of a potential lawsuit related to an IMX token sale in 2021.
Publisher: Crypto Economy
Sentiment: Negative
IMX

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cover-imageInvezz
November 1, 2024

SEC issues Wells notice to Immutable over IMX token, signaling potential security status

Immutable, a leading platform in the Web3 gaming space, recently received a Wells notice from the US Securities and Exchange Commission (SEC) indicating potential enforcement action. The notice, issued shortly after Immutable's first interaction with the SEC, hints at allegations of securities law violations concerning Immutable's IMX token, which launched in 2021.

Negative
cover-imageAltcoin Buzz
November 1, 2024

Immutable Faces SEC Notice, Vows to Defend Gamer Rights

A Wells notice signals that the SEC is thinking about bringing legal action against a company, often causing a major headache for those on the receiving end. For Immutable, this message from the SEC came out of the blue, just hours after their first-ever conversation with the agency.

Negative
cover-imageCryptoSlate
October 31, 2024

SEC crackdown continues with Immutable latest to receive Wells Notice

The SEC has issued a Wells notice to blockchain gaming platform Immutable in what has become a widespread agency crackdown on crypto companies ahead of the US election. Immutable said in an Oct. 31 blog post that the move is the latest instance of the SEC's “regulation-by-enforcement” policy targeting the crypto industry.

Negative
cover-imageCoingape
October 31, 2024

Breaking: Immutable Receives Wells Notice From US SEC

Immutable, the blockchain protocol designed for the next-generation of Web3 games said it has received a Wells Notice from the US Securities and Exchange Commission (SEC). The startup unveiled this in a recent update, a proof of the regulation by enforcement tactics of the markets regulator.

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