🚨#NIKE SUED OVER NFT BUSINESS SHUTDOWN

🔹Lawsuit: Purchasers of Nike's NFTs sue after abrupt closure of its crypto unit #RTFKT .

🔹Allegations: Claims of buying unregistered securities and "rug pull" losses.

🔹Damages: Plaintiffs seek $5M+ under consumer protection laws in New York, California, Florida, and Oregon.

🔹Nike acquired RTFKT in Dec 2021, announced its winddown in Dec 2024.

Source: Reuters$ETH

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