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      • Stoner Cats, LLC On July 27, 2021, Stoner Cats 2, LLC (SC2) sold 10,320 non-fungible tokens called “Stoner Cats” (hereinafter “Stoner Cats NFTs” or the “NFTs”) valued at $8.2 million to fund the production of an animated series through an unregistered offering.1 The Stoner Cats NFTs are tokens recorded on the Ethereum blockchain, which are each linked to a uniquely-generated image of one of the Stoner Cats characters.2 The NFTs were sold for about $800 each and sold out in 35 minutes.3 SC2...
      www.akingump.com/en/insights/alerts/the-secs-second-nft-enforcement-action-sec-v-stoner-cats-2-llc

      The SEC’s Second NFT Enforcement Action: SEC v. Stoner Cats 2

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  3. www.ft.com › content › db35a2a1-addd-4ec6-8b6c-acSEC charges Stoner Cats in latest move against NFTs

    Sep 15, 2023 · According to the SEC, Stoner Cats 2 LLC’s offering raised roughly $8mn from investors by selling more than 10,000 NFTs for roughly $800 each. The offering sold out in 35 minutes.

  4. www.hollywoodreporter.com › news › general-news'Stoner Cats' NFTs Draw $1M Penalty from SEC

    Sep 13, 2023 · Stoner Cats 2 LLC agreed to pay a $1 million civil penalty and use it to establish a fund to return money to the buyers of the NFTs, the SEC said in a statement. It did not admit or deny any ...

    • Alex Weprin

  5. decrypt.co › 156555 › what-happens-mila-kunis-stonerWhat Happens to Mila Kunis' Stoner Cats NFTs After SEC ...

    Sep 13, 2023 · Today, the United States Securities and Exchange Commission (SEC) announced that “Stoner Cats,” the animated, NFT -backed web series created by Mila Kunis’s production studio, violated federal securities laws when it sold NFT passes to view the video content. But what happens now?

  6. finance.yahoo.com › news › sec-fines-stoner-catsUS regulator fines Stoner Cats creator for offering NFTs

    Sep 13, 2023 · Stoner Cats 2 LLC did not admit or deny wrongdoing in settling charges it illegally raised $8.2 million in July 2021 by selling 10,320 NFTs for about $800 each, which sold out in 35 minutes.

  7. www.natlawreview.com › article › sec-enforcementStoner Cats Charged for Offering Securities to NFT Buyers

    Oct 23, 2023 · According to the SEC’s order, on July 27, 2021, SC2 offered and sold to investors more than 10,000 Stoner Cats NFTs for the ETH equivalent of roughly $800 each. The offering sold out in 35...

  8. comicbook.com › irl › newsStoner Cats Producers Charged by SEC Over Illegal Sale of ...

    Sep 19, 2023 · In July 2021, SC2 sold more than 10,000 NFTs at around $800 each to fund Stoner Cats with the NFTs selling out in 25 minutes. Per the report, six episodes of the series was produced and were...

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