Nike Hit With a $5M Class Action Lawsuit Following the Closure of Its NFT Arm, RTFKT

TL;DR Nike has been sued through a $5 million class action lawsuit following the unexpected shutdown of its NFT subsidiary, RTFKT. Investors allege that Nike executed a “rug pull,” negatively impacting the value of the acquired digital assets. The lawsuit could also set a precedent in the ongoing legal debate over whether NFTs should be. . . source: https://crypto-economy.com/nike-hit-with-a-5m-class-action-lawsuit-following-the-closure-of-its-nft-arm-rtfkt/