The Stoner Cats NFT project, which was co-created by actress Mila Kunis and is related to a celebrity-filled cartoon series, has been removed from major NFT marketplaces.
Stoner Cats NFT Project Was Banned From Trading Platforms
The Stoner Cats NFT project, which was co-created by actress Mila Kunis and is related to a celebrity-filled cartoon series, has been removed from major NFT marketplaces like OpenSea, Blur, and Rarible following charges by the US Securities and Exchange Commission (SEC) for conducting an unregistered offering of crypto asset securities
This comes after the US Securities and Exchange Commission (SEC) charged the developers with selling unregistered securities.
Both OpenSea and Rarible have verified that they have banned Stoner Cats NFT trading, and Blur has no current listings following the SEC settlement.
While NFTs can no longer be purchased, sold, or transferred on these platforms, they remain on the blockchain and in the wallets of holders. Some marketplaces, such as LooksRare and X2Y2, still have Stoner Cats NFT listings online.
The developers reached an agreement with the SEC, agreeing to pay a $1 million civil fine and destroy any remaining NFTs they hold.
The SEC has been cracking down on unregistered securities offerings in the crypto industry, and the allegations against Stoner Cats are part of the SEC's broader regulatory effort to ensure securities law compliance.
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