Immutable received a Wells Notice from the SEC, potentially due to the private sale of its token in 2021. The company stated that the Notice was sent just hours after its first interview with regulators. IMX has seen double-digit losses, declining over 13% following the announcement. IMX declined over 13% on Friday following Immutable's announcement that it received a Wells Notice from the Securities & Exchange Commission (SEC), presumably due to the private sale of its tokens in 2021. IMX declines as SEC serves Immutable Wells Notice Immutable, the company behind Layer-2 gaming blockchain Immutable X, announced in a blog post on Thursday that it received a Wells Notice from the SEC, likely due to its private sales of IMX tokens in 2021. This makes it the latest among a long list of crypto companies targeted by the SEC.