Technology

Australian crypto giant Immutable faces SEC blowtorch

The video game software company was founded by the two sons of a Macquarie banker and in 2022 had a valuation of around $3.5 billion.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login The country’s most prominent cryptocurrency start-up, Immutable, is facing allegations from regulators in the United States that its IMX token broke securities laws. The company, which has a valuation of around $3.

5 billion, develops video games and payment platforms for them. Immutable said it received a notice warning that the Securities and Exchange Commission was considering launching legal action against it. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe.

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