Nike is being hit with a class action lawsuit demanding over $5 million in damages after shutting down its Web3 NFT platform ...

A class action lawsuit in New York’s Eastern District was filed on Friday with plaintiffs, led by Jagdeep Cheema, seeking ...

Nike's closed the company, and now it's been sued. pic.twitter.com/ySShPa0I7rDecember 2, 2024 RTFKT made virtual sneakers and ...

The lawsuit seeks a class action brought on behalf of anyone who bought a pair of virtual sneakers or another digital ...

A group of people sued Nike this week over its decision to wind down its virtual show project RTFKT last year. The buyers of ...

The disruption was not the result of a hack or a blockchain malfunction, but rather a mundane technical issue. The images for the CloneX NFTs – ...

By this point, it's pretty clear the NFTs that were positioned as The Next Big Thing a few years ago did not end up living up ...

In the Nike case, the plaintiffs’ allegations of an unregistered securities violation and deceptive practices might not have ...

Former Nike CEO John Donahoe continues to build on his negative legacy at the athletic footwear and sportswear behemoth as ...

Plaintiffs allege Nike executed a “soft rug pull,” leaving RTFKT NFT holders with worthless assets after winding down ...

Nike faces a $5 million class-action lawsuit over RTFKT NFTs, with investors alleging a rug pull as NFT market value falls 63 ...

A proposal for a class action lawsuit is accusing Nike of engaging in a “rug pull” by shutting down operations for its RTFKT ...