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

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

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 ...

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

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

Going Dork Remember when the guys who spent millions of dollars on non-fungible tokens (NFTs) would get mad at detractors for ...

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

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

Nike has been hit with a class-action lawsuit accusing it of a rug pull over the shutdown of its NFT platform RTFKT earlier ...

The plaintiffs are seeking unspecified damages of more than $5 million USD for alleged violations of consumer protection laws ...

Marketplace access, community support, and redemptions for the NFT collection will continue through at least 2025.

Once a marketing gold rush, web3 bets by brands like Nike and DraftKings are now ending in courtroom battles—and collapsing ...