#social media

Devin Finzer, CEO and co-founder of OpenSea, revealed on the social media platform X that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the NFT marketplace, signaling that the SEC may pursue legal action against OpenSea.

The European regulator may impose a fine equivalent to 6% of the total revenue on Elon Musk’s social media platform X for its failure to address illegal content. This measure will be considered if the company does not implement the necessary changes following its next official warning.

The South Korean government has reached out to social media platforms, including the messaging app Telegram, demanding the removal of deepfake sexual content from their servers. Officials have identified Telegram as a major conduit for the distribution of such material.