Mila Kunis' Stoner Cats NFT Project Sued by SEC, Settles for $1 Million thumbnail
Mila Kunis' Stoner Cats NFT Project Sued by SEC, Settles for $1 Million
cryptonews.net
The United States Securities and Exchange Commission (SEC) has charged the creators of the project Stoner Cats with selling unregistered securities around the launch of NFTs in 2021. Stoner Cats 2 LLC agreed to a cease-and-desist order and will pay a $1 million civil penalty without admitting fault
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  • The United States Securities and Exchange Commission (SEC) has charged the creators of the project Stoner Cats with selling unregistered securities around the launch of NFTs in 2021.
  • Stoner Cats 2 LLC
  • agreed to a cease-and-desist order and will pay a $1 million civil penalty without admitting fault
  • also destroy any NFTs that it still holds, and establish a "Fair Fund" to refund investors who purchased the NFTs in the primary sale.
  • Stoner Cats was created by Orchard Farm Productions, the production studio of actress Mila Kunis, who also voiced one of the feline characters in the cartoon series.

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