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SEC Takes Aim At IMX: Immutable Faces Potential Lawsuit Over Token Sales

Bitcoinist LogoBitcoinist10h ago

SEC Takes Aim At IMX: Immutable Faces Potential Lawsuit Over Token Sales - Bitcoinist

Quick Summary:

The US Securities and Exchange Commission (SEC) has filed a Wells Notice to Immutable over its sales of IMX tokens.

The SEC’s contention is related to a 2021 blog post on the pre-launch investment made in the IMX tokens priced at $0.10 or a $10 pre-100:1 split.

Upon issuance of the notice, the agency contacted the company for a conversation.

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SEC Takes Aim At IMX: Immutable Faces Potential Lawsuit Over Token Sales - Bitcoinist (Picture 1)SEC Takes Aim At IMX: Immutable Faces Potential Lawsuit Over Token Sales - Bitcoinist (Picture 2)

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 21:00:07 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23366750

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 13 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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  • URL: https://beamstart.com/news/sec-takes-aim-at-imx-17304955515331

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