Mila Kunis' Stoner Cats Banned From NFT Marketplaces After SEC Charges - Decrypt


18 Sep 2023 7:32 PM

OpenSea and Rarible both confirmed that they blocked Stoner Cats NFT trades, while Blur shows no active listings after the SEC settlement....

  • The Stoner Cats NFT project, tied to a celebrity-packed animated series, can no longer be traded on prominent marketplaces like OpenSea, Blur, and Rarible.
  • The United States Securities and Exchange Commission (SEC) charged the creators of Stoner Cats with selling unregistered securities.
  • OpenSea and Blur no longer show any active listings for Stoner Cats NFTs, while Rarible no longer lists the project on its site.
  • Stoner Cats NFTs can no longer be bought, sold, or transferred via OpenSea, but they still remain on the blockchain and in the wallets of holders.
  • Marketplaces like LooksRare and X2Y2 still have active Stoner Cats NFT listings.
  • The creators of Stoner Cats settled with the SEC and agreed to pay a $1 million civil fine, establish a Fair Fund to reimburse investors, and destroy any remaining NFTs in their possession.
  • Sales and prices of Stoner Cats NFTs spiked after the SEC news but have since settled, with the current floor price at 0.037 ETH ($61).

The sentiment of the article is negative, as it discusses the trading ban on Stoner Cats NFTs and the charges filed by the SEC against the creators.

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You May Ask

Why can't Stoner Cats NFTs be traded on prominent marketplaces like OpenSea, Blur, and Rarible?Are there any marketplaces where Stoner Cats NFTs can still be traded?Who are some of the notable celebrities involved in the creation of Stoner Cats?What were the consequences for the creators of Stoner Cats after the SEC charged them with selling unregistered securities?How have the sales and prices of Stoner Cats NFTs been affected by the SEC news and the trading ban?

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