The company behind the series will also establish a fund to return money to investors affected by the situation and destroy all NFTs in its possession or control.

“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.”