Crypto Investors Sue Nike, Accuse Apparel Giant of Rug Pull After Abrupt Closure of Metaverse Business: Report
Nike is facing a lawsuit after shutting down its NFT business, which it acquired in 2021 through RTFKT Studios. Investors, led by Jagdeep Cheema, claim they incurred substantial losses as demand for Nike-themed NFTs plummeted post-announcement of RTFKT’s closure. They argue they wouldn’t have purchased the NFTs if they had known they were unregistered securities. […]








