According to Mark Cuban, KL began receiving payments in April 2022 and in October 2022 the company replaced its CEO and pivoted from a consumer-focused bank to a B2B seller of carbon credits (source: Mark Cuban on X, Sep 14, 2025). According to Mark Cuban, he further claimed the firm sold 350 million tons of carbon credits to Meta, then sold off Aspiration Bank and rebranded roughly a year after the shift (source: Mark Cuban on X, Sep 14, 2025). According to Mark Cuban, his mention of the SEC, CFTC, and DOJ in connection with the situation elevates headline and regulatory risk for carbon-credit markets, including on-chain carbon initiatives, until official statements clarify the facts (source: Mark Cuban on X, Sep 14, 2025).