NFT-Financed Animated Series ‘Stoner Cats,’ Co-Created By Pixar Vet Ash Brannon, Fined $1M By SEC

"According to the SEC, the Stoner Cats 2 LLC didn’t admit or deny its findings but agreed to a cease-and-desist order and to pay the $1 million. The LLC will also establish a fund to return money to investors affected by the situation, and will destroy all NFTs related to the series that are in its possession or control. Stoner Cats 2 LLC must also post a public notice about the SEC’s order."