A lawsuit against Nike was filed to close the NFT RTFKT platform

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Nike, one of the largest luxury fashion brands in the world, an investor in the encryption market, was presented with a collective lawsuit to abandon buyers from non -subject symbols and other Nike encryption materials. NFT and Crypto merchants complained that they were exposed to huge losses after the RTFKT closed, their studio in ASBATUPAPAPAPAPAPAPAPAPAPAPAPAPAPAPAPAPAPAPAPAPAONGITAL, and the NFT market.

NIKE faces a $ 5 million lawsuit from investors who allege the sudden closure of NFT VENTURE that caused severe financial losses.#IKE #Nfts https://t.co/quelujph7i

– Cryptonews.com (Cryptonews) April 28, 2025

Nike fashion brand filed a claim to close RTFKT

On Friday, April 26, 2025, a group of non -encrypted symbolic investors, led by Australian resident Jagdeep Cheema, filed a collective lawsuit against Brooklyn, New York, the Federal Court against NIKE. In the proposed fee sheet, these investors complained that they were exposed to huge losses when the closed RTFKT “Nike” closed, suddenly closed, the works that created the CLONE X digital assets.

Investors, under the title NIKE last week, began after a hot discussion on X after some of the unique users of the non -encrypted symbol noticed a strange error in the uniquely unique symbol groups. In the Clone X NFT collection, there is no visual art, where holders of the distinctive uninterrupted symbol left only broken links and NFT production numbers. NIKE defended the error and the Cloudflare to restrict access to the artwork of the Clonex NFT group.

> Clonex
> Make $ 81.3 million of NFT sales
> Get 37.8 million dollars from royalties
> Airdrop shoe coupons
> Silent
> Close
> Do not pay for servers
> Her holders left with a broken link and a dream pic.twitter.com/rswxhrtwte

– Pix (Pixonchain) April 24, 2025

Founded at some time in 2020, RTFKT was a studio for the digital nursery of assets, recognized in the NFT market to take advantage of the game engines, global level design, and AR to create unique digital assets. RTFKT has started to rise popularly after launching the unique icon group. CLONE X is a NFT collection with a limited version of 20,000 NFTS hosts on the ETAREUM Blockchain network.

The Clonex NFT group continued to get traction among merchants, with the value of the floor price to the highlands. At that time, the Clone X recorded some sales that broke the jaw from the NFTS. At the top of the list, X #4594, which was sold for 450 ETH in 2022. Clone X #13134 was sold to 368 ETH. The remainder of the best 10 cloning X NFTS has been traded more than $ 500,000 from ETH.

By the time when it took place in 2021 and NFT madness reached the point of fever, RTFKT became so successful that Nike acquired it before the end of the year. The NFT studio continued to create itself in 2021, where he was selling more than $ 3.1 million of NFT sneakers. Besides the famous CLONEX NFT collection, RTFKT has since launched several NFT collections, including the Cryptokicks NFT collection.

Through her time in Web3 Limelight, RTFKT NFT studios showed a deep understanding of how the noise power and benefit from it for long -term success. Before getting out of the NFT market, NFT Studio RTFKT has made more than $ 5 million to sell non -violated symbolic groups and other encryption assets. The distinctive fashion brand “Nike” closed the bottom NFT Studio RTFKT on December 2, 2024.

pic.twitter.com/ysshpa0i7r

– RTFKT (@rtfkt) December 2, 2024

They want NFT merchants their money

In the case “Cheema V Nike Inc, the American Provincial Court, the Eastern Province in New York, No. 25-02305”, the non-subject-subject and other encrypted symbols and other encrypted currency assets have sought to achieve unlimited damage by more than $ 5 million for the alleged disappearance of New York, California, Florida, or Oregon. However, these NFT merchants have regretted Nike.

In a short uproar with ReutersThey said that they would never buy NFTS at the prices they did, or at all, if they knew that the distinctive symbols were unregistered securities, and that Nike would lead to “the carpet rug from under it.” Meanwhile, Nike, based in BeaverTon, Oregon, did not respond to the suspension requests. Philip Kim, a lawyer for the prosecutors, also refused to comment.