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Saved October 29, 2025
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Nike is facing a class-action lawsuit from purchasers of its RTFKT NFTs who allege deceptive marketing practices and seek over $5 million in damages for violations of consumer protection laws in multiple states. The plaintiffs claim that Nike's abrupt closure of RTFKT led to a decline in the value of their NFTs, which they argue were unregistered securities. Nike has not yet responded to the lawsuit.
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