Nike is facing a class action lawsuit in New York from NFT purchasers who allege the company misled them about a project involving its acquisition of RTFKT. Buyers claim they were left with worthless assets after the NFT subsidiary was shut down. The lawsuit includes allegations of selling unregistered securities and deceptive practices. However, the claims may be complicated by the Securities and Exchange Commission’s changed definition of what constitutes a security under the Trump administration, as noted by Nicolle Lafosse, a digital asset attorney.
NFT Purchasers Sue Nike Over Alleged Crypto Scam
