Immutable pledges to fight after SEC ‘sprayed and prayed’ Wells notice
Blockchain gaming platform Immutable says it received a Wells notice from the SEC over alleged securities law violations within “hours” of its first interaction with the regulator.
Crypto gaming platform Immutable has pledged to fight any potential enforcement action from the United States Securities and Exchange Commission after receiving a Wells notice from the regulator.
In a Nov. 1 statement, Immutable said that while the SEC did not specify its allegations in the notice, it believes the agency’s claims are targeting the “listing and private sales” of its native IMX token in 2021.
Source: Immutable
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Author: Tom Mitchelhill
