Nike

Nike sued for million over RTFKT NFTs: check key details

Nike sued for $5 million over RTFKT NFTs: check key details

Leave a Comment / Markets, Nike, SEC /

Plaintiffs accuse Nike of promoting unregistered securities. NFTs linked to RTFKT fell from $8,000 to $16 after closure. Lawsuit highlights legal uncertainty around NFTs as securities. Nike is facing a $5 million class-action lawsuit that claims the company misled investors by promoting non-fungible tokens (NFTs) tied to its RTFKT platform before abruptly shutting it down. […]

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Nike Sued After Shuttering NFT Unit—Buyers Allege Major Crypto Losses

Nike Sued After Shuttering NFT Unit—Buyers Allege Major Crypto Losses

Leave a Comment / companies, crypto, digital currency, nft, Nike, rtfkt /

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure 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

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