Nike Sued After Shuttering NFT Unit—Buyers Allege Major Crypto Losses
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A collective of upset NFT purchasers has brought a lawsuit against Nike after the company shut down its digital collectibles division, RTFKT.
According to a report by Reuters, the lawsuit, filed Friday in Brooklyn, New York, alleges that the sportswear colossus’s sudden shutdown erased hundreds of thousands of dollars’ worth of digital asset value.
Australian Investor Leads Legal Fight Against Sportswear Giant
Australia-based lead plaintiff Jagdeep Cheema leads the class of plaintiffs that is demanding at least $5 million in damages. According to court filings, Nike’s December 2024…
