legal issues

Nike NFT Lawsuit: A $8,000 Crash and 'Rug Pull' Allegations

Nike NFT Lawsuit: A $8,000 Crash and 'Rug Pull' Allegations

Nike, the global sportswear giant, finds itself embroiled in a legal battle over its foray into the world of Non-Fungible Tokens (NFTs). Specifically, on April 25—just days later—a class-action lawsuit was filed in a Brooklyn federal court. It claims Nike planned to execute a “rug pull” by turning off its...

Nike NFT Lawsuit: Did Sneaker Drops Become Unregistered Securities?

Nike NFT Lawsuit: Did Sneaker Drops Become Unregistered Securities?

The world of NFTs, originally touted as a new and exciting space where anything could be created and owned digitally, is under ongoing legal fire. A recent lawsuit against Nike could help answer one of the key questions. It pushes back on the argument that some NFTs should be deemed...

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