Nike Faces $5M NFT Meltdown Lawsuit

Nike is dealing with a category motion lawsuit after abruptly shutting down its crypto-focused subsidiary, RTFKT, leaving traders with vital losses tied to Nike-themed NFTs and digital property. Plaintiffs, led by Australian investor Jagdeep Cheema, allege they had been misled into shopping for what they now declare had been unregistered securities, solely to see their worth collapse after Nike […]



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