Happycoin.club - Nike (NYSE:NKE) faced a lawsuit from a group of NFT buyers who claimed they lost hundreds of thousands of dollars when the sportswear giant shut down its NFT platform RTFKT.
The lead plaintiff, Australian investor Jagdeep Chima, alleges that Nike did not warn users about plans to cease operations of RTFKT in December 2024. After the shutdown, the value of NFTs sold under the Nike and RTFKT brands plummeted. Additionally, some non-fungible tokens stopped displaying images correctly, raising users' concerns that the assets would no longer be supported.
