Nike Faces $5 Million Lawsuit Over RTFKT NFT Shutdown

Nike Faces 5 Million Lawsuit Over RTFKT NFT Shutdown.jpeg

Nike is facing a class-action lawsuit after abruptly shutting down its NFT platform, RTFKT, in December 2024. The lawsuit, filed by a group of investors led by Jagdeep Cheema, claims that the closure resulted in significant financial losses for NFT holders, who allege they were misled about the nature of their investments.

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