Nike is facing a lawsuit from people who bought its NFTs

Nike faces a class action lawsuit over its RTFKT project, which was abandoned in 2022 after not gaining traction, leaving customers like the suing group—who bought unregistered NFTs—believing they were misled and cheated when the market crashed. Now managed by Samuel Cardillo, the project attempted to recover with CloneX NFTs but remains unclear if it will succeed without proper legal safeguards.