US SEC Ends Investigation into NFT Project CyberKongz

Source
JH Kim

Summary

  • It was reported that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the CyberKongz project.
  • CyberKongz had received a Wells Notice from the SEC last year, but the investigation has now been concluded.
  • For those interested in investing in NFTs, the conclusion of the SEC investigation into CyberKongz is noteworthy news.

According to Decrypt, a media outlet specializing in virtual assets (cryptocurrency), the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the non-fungible token (NFT) project CyberKongz as of the 15th (local time).

Previously, CyberKongz received a Wells Notice (a notification requiring a preliminary explanation from potential lawsuit targets) from the SEC regarding blockchain games and smart contracts last December.

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JH Kim

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