Nike Hit with Lawsuit Over Crypto Business Collapse: Buyers Demand Justice!
The lawsuit, filed by Australian resident Jagdeep Cheema, alleges that Nike’s sudden decision to close RTFKT in December 2024 sent the market for Nike NFTs straight into a nosedive. Buyers who thought they were making savvy investments suddenly found themselves holding onto digital assets worth less than the paper it would take to print them (if they were allowed to print them, which they aren’t). Sad times, really.