Stoner Cats NFT SEC Settlement — $1 Million Fair Fund for July 2021 Offering Investors
By Steve Levine
Published: March 9, 2026
Claim Deadline: May 23, 2026
Fund: $1,000,000 (plus accrued interest)
Proof required: Yes — transaction documentation needed
What Is This Settlement About?
If you bought a Stoner Cats NFT when they first went on sale on July 27, 2021, you may be able to get some of your money back.Here is the background: Stoner Cats 2 LLC created a collection of NFTs (non-fungible tokens) to fund an animated web series called "Stoner Cats," which featured well-known Hollywood voice actors. On July 27, 2021, the company sold 10,320 NFTs to the public at a price of 0.35 ETH each — roughly $800 per NFT at the time. The entire collection sold out in 35 minutes and raised approximately $8.2 million.
The U.S. Securities and Exchange Commission (SEC) investigated and determined that those NFTs were actually unregistered securities — meaning they were investment products that the company was legally required to register with the SEC before selling to the public. The SEC found that Stoner Cats 2 promoted the NFTs as something that would increase in value based on the success of the animated series and the team behind it, which meets the legal definition of a security under the Howey test. The company also built in a 2.5 percent royalty on every secondary market sale, further encouraging buying and selling.
In September 2023, the SEC ordered Stoner Cats 2 LLC to pay a $1,000,000 civil penalty. The company has paid in full. The SEC then created a "Fair Fund" so that this penalty money (plus any interest earned) can be distributed back to investors who were harmed — meaning people who bought the NFTs in the original offering and lost money.
Do I Qualify?
You qualify if you purchased one or more Stoner Cats NFTs directly from Stoner Cats 2 LLC in the original offering on July 27, 2021. You must also have a "recognized loss" — meaning you lost money on the purchase — and your calculated distribution payment must be at least $20.You do not qualify if you only bought Stoner Cats NFTs on the secondary market (like OpenSea) after the original offering. Only people who participated in the initial mint on July 27, 2021 are eligible.
You are also excluded if you are an officer, director, or employee of Stoner Cats 2 LLC, or if you are subject to sanctions.
How Much Money Will I Get?
The payout depends on your individual "recognized loss," which the fund administrator calculates for each NFT separately using your purchase price (0.35 ETH converted to USD at the time), your sale price (if you sold), any royalties you paid to Stoner Cats 2, and when you sold relative to the SEC's order date of September 13, 2023.If you still hold your NFT and it has lost value, or if you sold at a loss, you likely have a recognized loss. If you sold at a profit, your recognized loss may be zero.
The minimum distribution payment is $20. If total recognized losses across all claimants exceed the $1 million fund (plus interest), everyone's payment will be reduced proportionally (pro rata).
What Do I Need to File?
You need to submit a completed claim form along with supporting documents that prove your purchase. This is not a "no proof required" settlement — you must provide transaction documentation for each NFT you bought in the offering. This could include wallet transaction records, blockchain transaction hashes, exchange records, or other documentation showing you purchased a Stoner Cats NFT on July 27, 2021.What Are the Important Dates?
Claim Deadline: May 23, 2026
Original NFT Offering Date: July 27, 2021
SEC Order Date: September 13, 2023
Fund Administrator Appointed: March 28, 2025
Claims can be filed online at the settlement website, or by email, or by mail postmarked by May 23, 2026. If you miss this deadline, you may be permanently barred from receiving a payment.
What Happens After I File?
The fund administrator (Epiq Class Action & Claims Solutions) will review your claim and send you a Claim Status Notice within 120 days of the May 23, 2026 deadline. If your claim is approved, you will receive a distribution payment after the process is finalized. If your claim is denied or deficient, you will be told the reason and given an opportunity to fix it.Case Information
Case: SEC Administrative Proceeding File No. 3-21655
Respondent: Stoner Cats 2, LLC
Agency: U.S. Securities and Exchange Commission (SEC)
SEC Order: Release No. 33-11233 (September 13, 2023)
Fair Fund: $1,000,000 civil penalty (plus accrued interest)
Fund Administrator: Epiq Class Action & Claims Solutions, Inc.
Violation: Unregistered offering of crypto asset securities (Sections 5(a) and 5(c) of the Securities Act of 1933)
NFTs Sold: 10,320 at 0.35 ETH (~$800 each)
Total Raised: Approximately $8.2 million
How Do I Find Class Action Settlements?
Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:Official Settlement Notice (PDF)
Settlement Website: StonerCatsFairFund.com
Submit Claim
Sources
• Official Fair Fund Site — StonerCatsFairFund.com• SEC — Stoner Cats 2, LLC Distribution Page
• SEC Press Release — Charges Creator of Stoner Cats Web Series (Sept 2023)
Filing Class Action Settlement Claims
Please note that your claim form will be rejected if you submit a settlement claim with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. If you are not sure whether you qualify, visit the class action administrator's website. OpenClassActions.com is a consumer advocacy and class action news site, and is not a class action administrator or a law firm.
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Pre-Qualify| Stoner Cats NFT Settlement Summary | |
| Status | Open — Filing Claims Now |
|---|---|
| Claim Deadline | May 23, 2026 |
| Fair Fund | $1,000,000 + accrued interest |
| Minimum Payment | $20 |
| Proof Required | Yes — transaction documentation required |
| Who Qualifies | Buyers from the original July 27, 2021 offering only |
| Agency | U.S. Securities and Exchange Commission (SEC) |
| Fund Administrator | Epiq Class Action & Claims Solutions |
| Website | Stoner Cats Fair Fund |