Affected by the "SEC Wells notice", IMX fell about 12%

BlockBeats news, on November 1, according to HTX market data, IMX fell about 12% due to the "SEC Wells Notice", and is now quoted at $1.149.

BlockBeats previously reported that Immutable said that the company received a Wells Notice from the U.S. SEC last month and may face enforcement action. The regulator also sent a letter to the company's CEO James Ferguson and the Digital Worlds Foundation, which helped issue Immutable's IMX token, detailing alleged violations of securities laws.