๐จ Nike Faces $5M 'Rug Pull' Lawsuit Over RTFKT NFT Shutdown
๐ฅ Nike is under fire as a group of investors files a class-action lawsuit in Brooklyn federal court, alleging the company hyped its RTFKT NFT project to attract investment โ only to abruptly shut down the platform, causing significant financial losses.
โ๏ธ The lawsuit claims damages exceeding $5 million, highlighting growing legal risks in the intersection of major brands and Web3 initiatives.
