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CyberKongz announces that the SEC has concluded its investigation.
CyberKongz, an Ethereum NFT and gaming project, has announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into it without any charges or enforcement action. Previously, the project received a notice from Wells due to the use of the BANANA token, the blockchain game function, and the contract migration in 2021, which was deemed by the SEC to be potentially involved in a securities offering. (Decrypt)