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⚡【Nike hit with class action over NFT shutdown!】
According to Reuters, Nike (NKE.N) faces a class-action lawsuit from NFT buyers after abruptly shutting down its RTFKT division, allegedly causing major losses.
The plaintiffs claim that had they known the NFTs could be "unregistered securities" and that Nike might "abandon the project," they would never have bought them.
📍The lawsuit seeks over $5 million, citing violations of consumer protection laws in NY, CA, FL, and OR.
#NIKE #nft #CryptoAssets