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The US Securities and Change Fee (SEC) charged the creators of the challenge Stoner Cats with promoting unregistered securities across the launch of NFTs in 2021.
Stoner Cats 2 LLC, the corporate behind the NFT-based cartoon challenge, agreed to a cease-and-desist order and can pay a $1 million civil penalty with out admitting fault. The corporate will even destroy any NFTs that it nonetheless holds, and set up a “Honest Fund” to refund buyers who bought the NFTs within the main sale.
Stoner Cats was created by Orchard Farm Productions, the manufacturing studio of actress Mila Kunis, who additionally voiced one of many feline characters within the cartoon collection. The present additionally options the voices of Kunis’ husband Ashton Kutcher, together with Chris Rock, Ethereum creator Vitalik Buterin, and others.
This story is breaking and will probably be up to date with extra info.
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