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flag Nike faces lawsuit from NFT buyers over alleged "rug pull" and financial losses.

flag Nike faces a lawsuit from NFT buyers who purchased digital assets four years ago. flag The lawsuit, filed in New York federal court, claims that Nike's shutdown of its RTFKT NFT project constitutes a "rug pull," leading to significant financial losses. flag Buyers allege Nike sold NFTs as unregistered securities and violated consumer protection laws in multiple states. flag The plaintiffs are seeking over $5 million in damages amid the declining NFT market.

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