Mila Kunis Arrives at SOHO House in West Hollywood 03/16/2024

Mila Kunis Arrives at SOHO House in West Hollywood 03/16/2024

Mila Kunis has been in the spotlight for her latest business endeavors related to NFTs. Her production company, Sixth Sense, launched an animated series called The Stoner Cats, which allowed NFT holders to decide the plot. However, the project faced scrutiny from the U.S. Securities and Exchange Commission (SEC) for conducting an unregistered offering of crypto asset securities in the form of NFTs. The SEC charged Stoner Cats 2 LLC (SC2), backed by Mila Kunis and her production company, with selling unregistered securities in the form of NFTs. Despite the charges, Stoner Cats quickly sold out its NFTs, raising over $8 million. The SEC’s investigation led to SC2 agreeing to a cease-and-desist order and paying a civil penalty of $1 million, with plans to reimburse investors affected by the sale. This incident shed light on the regulatory challenges surrounding NFTs and the need for compliance with securities laws in the crypto space.