Stoner Cats NFTs, Starring Mila Kunis, to Pay $1M Fine to Settle SEC Charges
The creator of animated series Stoner Cats, which featured actors Mila Kunis and Ashton Kutcher, agreed to pay $1 million to settle US Securities and Exchange Commission charges that it offered NFTs that were really unregistered securities.
Stoner Cats 2 LLC was charged with illegally raising about $8 million from investors to finance the web-based series through the sale of more than 10,000 nonfungible tokens at about $800 each in the span of 35 minutes on July 27, 2021, the SEC said in a statement Wednesday. The entity didn’t admit or deny any wrongdoing as part of the settlement.
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