Close Menu
Cryprovideos
    What's Hot

    Arca unloads Circle shares after scathing IPO letter

    June 7, 2025

    Metaplanet Goals to Maintain 1% of All Bitcoin

    June 7, 2025

    Whale and Miner Information Reveal Bitcoin’s Subsequent Transfer | Weekly Whale Watch

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Crypto Buyers Sue Nike, Accuse Attire Big of Rug Pull After Abrupt Closure of Metaverse Enterprise: Report – The Each day Hodl
    Crypto Buyers Sue Nike, Accuse Attire Big of Rug Pull After Abrupt Closure of Metaverse Enterprise: Report – The Each day Hodl
    Crypto News

    Crypto Buyers Sue Nike, Accuse Attire Big of Rug Pull After Abrupt Closure of Metaverse Enterprise: Report – The Each day Hodl

    By Crypto EditorApril 27, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Sportswear large Nike is reportedly dealing with a lawsuit following the closure of its non-fungible token (NFT) enterprise.

    In 2021, Nike bought RTFKT Studios, a collectibles agency identified for creating viral sneaker designs, memes and different modern digital collectibles because it ventured into the metaverse, however the firm shut down the undertaking in December.

    Reuters studies that buyers of Nike-themed NFTs and different crypto property led by Australian resident Jagdeep Cheema filed a swimsuit on Friday, claiming that they suffered vital losses as demand for his or her digital collectibles dropped following the announcement that RTFKT was winding down its operations.

    The buyers say that they might not have purchased the NFTs had they identified that the tokens had been unregistered securities. Up to now, the authorized standing of NFTs just isn’t but settled, and several other lawsuits contain questions on whether or not or not these property ought to be thought-about as securities. 

    The swimsuit additionally accuses Nike of orchestrating a “rug pull”, or the sudden abandonment of a undertaking that leaves buyers with nugatory property.

    The plaintiffs are in search of greater than $5 million in damages for the alleged violation of shopper legal guidelines in New York, California, Florida and Oregon.

    Nike has not but issued an announcement concerning the lawsuit.

    Comply with us on X, Fb and Telegram

    Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

    Examine Value Motion

    Surf The Each day Hodl Combine

    &nbsp

    Crypto Buyers Sue Nike, Accuse Attire Big of Rug Pull After Abrupt Closure of Metaverse Enterprise: Report – The Each day Hodl

    Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in internet online affiliate marketing.

    Generated Picture: Midjourney



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Coinbase CEO says pointless account restrictions has decreased by 82%

    June 7, 2025

    Is Dogecoin Prepared To Explode? Crypto CEO Explains Why A DOGE Rally Is Doable | Bitcoinist.com

    June 7, 2025

    ETF issuers pen letter urging SEC return to ‘first-to-file’ approvals

    June 7, 2025

    Coinbase Slashes Account Freezing by 82%, However Consumer Belief Stays Fragile

    June 7, 2025
    Latest Posts

    Metaplanet Goals to Maintain 1% of All Bitcoin

    June 7, 2025

    Whale and Miner Information Reveal Bitcoin’s Subsequent Transfer | Weekly Whale Watch

    June 7, 2025

    Bitcoin at Crossroads Amid Elevated Promoting Strain, Warns Analytics Platform Glassnode – Right here’s the Agency's Outlook – The Day by day Hodl

    June 7, 2025

    Greatest Crypto Presale to Purchase: Bitcoin Hyper ICO Surges to $685K as First Bitcoin Layer 2 Launches on Ethereum

    June 7, 2025

    Bitcoin (BTC) Worth Prediction for June 7

    June 7, 2025

    Are We Witnessing the Last Bitcoin Cycle as We Know It?

    June 7, 2025

    Bitcoin Golden Cross Sample Says The Crash To $100,000 Is Regular – What To Count on Subsequent

    June 7, 2025

    Is a Bitcoin value rally to $150K attainable by yr's finish?

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    South Carolina Drops Coinbase Lawsuit Amid SEC's Shift

    March 29, 2025

    SEC Greenligths Two Crypto ETFs

    December 20, 2024

    Crypto CEO Reveals Why The Bitcoin Bull Market Is Over With Crash Under $80,000 | Bitcoinist.com

    April 7, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.