Sep. 14, 2023
SEC fines ‘Stoner Cats’ group $1M over unregistered NFT offering
Stoner Cats 2 LLC raised $8 million after over 10,000 NFTs — a type of digital asset — were sold in 35 minutes in July 2021, the SEC said.
The corporation behind the animated series “Stoner Cats,” featuring several Hollywood stars, will pay $1 million to the U.S. Securities and Exchange Commission to resolve allegations that it conducted an unregistered offering of non-fungible tokens to finance the show, the agency announced.
Stoner Cats 2 LLC raised $8 million after over 10,000 tokens, called NFTs — a type of digital asset — were sold in 35 minutes in July 2021, the SEC sa...
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