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International Business Times

Business

Marvie Basilan

NFT Project CyberKongz Says SEC Issued Wells Notice As Gensler Prepares For Exit

SEC Wells NFT Crypto Gary Gensler blockchain CK

NFT gaming platform CyberKongz said the SEC had concerning rhetoric. (Credit: Marco Verch/flickr)

KEY POINTS

CyberKongz said it will defend itself against the SEC
The CyberKongz team said the SEC showed a 'complete lack of understanding' of blockchain tech
The crypto community expressed support for the CyberKongz team

Non-fungible token (NFT) project CyberKongz said it received a Wells notice from the U.S. Securities and Exchange Commission (SEC), becoming the latest in a growing list of blockchain-related firms that have been targeted by the Wall Street regulator ahead of its Chair Gary Gensler's resignation.

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