**News Flash: SEC Targets CyberKongz, Potential Impact on Gaming Tokens**

The NFT platform CyberKongz is facing scrutiny from the SEC after receiving a Wells notice, indicating potential enforcement action. The SEC questions the issuance of an ERC-20 token linked to a blockchain game without security registration. CyberKongz argues this could significantly affect the Web3 gaming sector and plans to challenge the SEC's stance.

The notice relates to an alleged "sale" of Genesis Kongz NFTs in 2021, which CyberKongz claims was a contract migration. Despite these challenges, CyberKongz NFTs have maintained their value, with prices rising 11.7% recently.