SEC Charges Mila Kunis' NFT Company $1M for Selling Unregistered Securities
- SEC charges Mila Kunis' NFT company Stoner Cats for selling unregistered securities
- Stoner Cats sold 10,000 NFTs in July 2021 for $800 each, raising over $8 million
- SEC says Stoner Cats marketed NFTs as investment, touting profit potential
- Settlement includes $1M penalty and destroying remaining Stoner Cats NFTs
- This is SEC's second case against a company for unregistered NFT securities