Nike sued over closure of crypto business

Nike sued for $5 million over NFT, crypto assets collapse

Nike Inc. has been hit with a proposed class-action lawsuit on Friday by purchasers of its Nike-themed non-fungible tokens (NFTs) and related crypto assets, who claim they suffered major financial losses following the abrupt shutdown of Nike’s RTFKT unit. Filed in the US District Court for the Eastern District of New York, the lawsuit alleges that Nike misled buyers about the security and value of its NFTs. Led by Australian resident Jagdeep Che…

Nike sued over closure of crypto business

NEW YORK :Nike was sued on Friday by purchasers of Nike-themed non-fungible tokens (NFTs) and other cryptocurrency assets who said they suffered significant losses when the athletic wear company abruptly closed the business that created those assets.In a proposed class action filed in Brooklyn, New York feder

Nike Slammed with Lawsuit as NFT Buyers Lose Big After RTFKT Shutdown

The post Nike Slammed with Lawsuit as NFT Buyers Lose Big After RTFKT Shutdown appeared on BitcoinEthereumNews.com. Nike is facing a new lawsuit from NFT buyers who claim they lost money after the company abruptly shut down its digital asset division. A group of buyers, led by Australian resident Jagdee Cheema, filed a class action lawsuit in New York, claiming that when Nike suddenly shut down its RTFKT unit in December 2024, the value and dema…

CoinStats - Nike Slammed with Lawsuit as NFT Buyers Lose ...

The post Nike Slammed with Lawsuit as NFT Buyers Lose Big After RTFKT Shutdown appeared first on Coinpedia Fintech News Nike is facing a new lawsuit from NFT buyers who claim they lost money after the company abruptly shut down its digital asset division. Buyers Claim Nike’s RTFKT Shutdown Caused NFT Losses A group of buyers, led by Australian resident Jagdee Cheema, filed a class action lawsuit in New York, claiming that when Nike suddenly shut…