Nike is being hit with a class action lawsuit demanding over $5 million in damages after shutting down its Web3 NFT platform RTFKT in January. A group of RTFKT users filed the lawsuit in the Eastern ...

The lawsuit seeks a class action brought on behalf of anyone who bought a pair of virtual sneakers or another digital ...

A group of people sued Nike this week over its decision to wind down its virtual show project RTFKT last year. The buyers of ...

Nike faces a $5 million class-action lawsuit over RTFKT NFTs, with investors alleging a rug pull as NFT market value falls 63% year-on-year in early 2025.

In the Nike case, the plaintiffs’ allegations of an unregistered securities violation and deceptive practices might not have had the same outcome had the lawsuit been filed before this shift in policy ...

Nike has been hit with a class-action lawsuit accusing it of a rug pull over the shutdown of its NFT platform RTFKT earlier ...

The plaintiffs are seeking unspecified damages of more than $5 million USD for alleged violations of consumer protection laws in four states.

Nike's closed the company, and now it's been sued. pic.twitter.com/ySShPa0I7rDecember 2, 2024 RTFKT made virtual sneakers and other items that could be used in metaverse applications. It also worked ...

Nike's closed the company, and now it's been sued. RTFKT made virtual sneakers and other items that could be used in metaverse applications. It also worked on physical shoe collections ...

Earlier today, a heated debate erupted on X after some NFT users noticed a strange error on the Clone X NFT collections.