Nike Hit With $5 Million Lawsuit Over Alleged NFT Securities Violations

In brief Plaintiffs allege in the lawsuit that Nike’s marketing propped up unregistered securities tied to RTFKT NFTs. Investors claim they were blindsided when Nike pulled its support in December 202...

FTX Estate Sues NFT Stars and Kurosemi Over Unreturned Tokens

The FTX Estate has initiated legal action against NFT Stars Limited and Kurosemi Inc., accusing them of failing to deliver contractually owed tokens. FTX Still Open to Engagement The entity overseeing...

FTX initiates legal action to recover creditor asset from NFT Stars and Kurosemi

Bankrupt cryptocurrency exchange FTX and its recovery trust have filed two lawsuits against blockchain firms, NFT Stars, an NFT marketplace, and Kurosemi, the parent company of Delysium, an AI agent b...

FTX Files Lawsuits Against NFT Stars and Delysium Over Undelivered Tokens

TLDR FTX has filed lawsuits against NFT Stars and Delysium (Kurosemi) for failing to deliver tokens owed under investment agreements The lawsuits seek return of over 83 million SIDUS, 831,000 SENATE, ...

FTX pursues NFT Star and Delysium to recover millions in missing tokens

FTX has launched new legal action against NFT marketplace NFT Star and AI platform Delysium, stepping up efforts to recover missing assets for its creditors. The bankrupt crypto exchange accuses both ...

FTX sues NFT Stars and Delysium over undelivered tokens

FTX Trading Ltd. and the FTX Recovery Trust have filed lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind the gaming platform Delysium, for failing to deliver tokens owed to the ...

FTX Pursues Legal Action Against NFT Stars and Kurosemi for Asset Recovery Efforts Amid Ongoing Bankruptcy Proceedings

FTX files lawsuits against NFT Stars and Kurosemi Inc. for failing to deliver tokens as per agreements, part of asset recovery efforts. FTX escalates legal actions to recover assets for creditor payou...

FTX Sues NFT Stars and Kurosemi Over Token Delivery Failures

Defunct cryptocurrency exchange FTX has filed lawsuits against NFT Stars Limited and Kurosemi Inc., the operator of the Delysium platform, as part of its ongoing efforts to recover assets for creditor...

FTX Takes Legal Action Against NFT Stars and KUROSEMI in Asset Recovery Efforts

FTX, the troubled cryptocurrency exchange currently navigating bankruptcy proceedings, is intensifying its efforts to recover assets. Recent reports from Reuters indicate that the firm, along with its...

Nike Faces $5M Lawsuit Over Alleged RTFKT NFT Rug Pull

Investors claim Nike’s shutdown of RTFKT was a $5M “rug pull.” Plaintiffs argue Nike NFTs qualify as unregistered securities. NFT values crashed after promised features were scrapped. A group of NFT h...

Treechat adds AI for media creation, NFT minting to follow

Homepage > News > Business > Treechat adds AI for media creation, NFT minting to follow Treechat is set to roll out new features for creating and minting NFTs, assisted by artificial intellig...

PENGU rallies with strong NFT sales – new ATH soon?

Key Notes PENGU reached a local high of $0.0141 earlier today. Pudgy Penguins NFT collection saw a 300% rise in sales volume. Analyst expects a pullback to key support levels before another breakout. ...

Nike Accused of Rug Pull Over Failed RTFKT NFT Project

The lawsuit was filed on April 25 by a group led by Jagdeep Cheema, and argues that Nike used its global brand to promote unregistered securities in the form of sneaker-themed NFTs. After the platform...

Nike Accused of ‘Rug Pull’ in $5 Million Lawsuit Over RTFKT NFT Shutdown

Nike, a popular American sportswear brand, is facing a class-action lawsuit for allegedly operating a “rug pull” by shutting down its RTFKT NFT platform. A group of investors filed the Nike lawsuit in...

Nike Faces Lawsuit After Shutting Down Its NFT Division

Nike faces a class action lawsuit over allegations of misleading buyers after shutting down its RTFKT digital asset unit in December 2024. Plaintiffs claim Nike’s abrupt RTFKT closure caused NFT value...

Top 10 By NFT Activity Of The Week, DMarket Taking The Lead

DMarket on the Mythos blockchain was the top-selling non-fungible token (NFT) collection of the week, with sales of $10,082,528 in 278,553 transactions. DMarket’s accounts of buyers and sellers decrea...

Nike Sued for Over $5 Million After NFT Collapse

Nike faces a $5M+ lawsuit after shutting down its RTFKT NFT unit. Nike pledges to preserve RTFKT’s innovation despite facing legal challenges. Nike is facing a class action lawsuit after shutting down...

Nike Faces Legal Action for Abrupt NFT Shutdown

Nike is under fire after a group of investors filed a class action lawsuit, accusing the sportswear giant of causing massive financial losses by shutting down RTFKT, its Web3-focused subsidiary acquir...

Nike Sued After Shuttering NFT Unit—Buyers Allege Major Crypto Losses

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A collective of upset NFT purchasers has brought a lawsuit against Nike after the company shut down ...

Nike Faces NFT Lawsuit from Disappointed Buyers – Coincu

Key Points: Nike sued over RTFKT NFT shutdown, disappointing buyers. Sued for violations, claim exceeds $5 million. Questions arise about NFTs as securities in courts. Nike Faces NFT Lawsuit from Disa...

Nike Faces $5 Million Lawsuit from NFT Holders Over Sudden Closure of RTFKT Division

Nike is currently entangled in a collective legal battle stemming from its recent decision to terminate operations within the NFT market. As reported on April 27, 2024, by COINOTAG News, the lawsuit w...

Nike Slammed with Lawsuit as NFT Buyers Lose Big After RTFKT Shutdown

Nike is facing a new lawsuit from NFT buyers who claim they lost money after the company abruptly shut down its digital asset division. A group of buyers, led by Australian resident Jagdee Cheema, fil...

NFT sales drop to $89.4m, CryptoPunks sales jump 106%

Despite the broader crypto market’s upward movement, the NFT market is struggling, with sales volume dropping by 6.15% to $89.4 million. At press time, Bitcoin (BTC) is above the $94,000 level. Ethere...

CloneX NFT Artwork Missing; RTFKT Moves Art to Arweave

A message “This content has been restricted.” is popping up on OpenSea and Blur Technical lead at RTFKT, Samuel Cardillo, reported that CloneX is being moved to ArWeave for decentralized storage NFTs ...

NFT Transactions to Become Human-Readable After Noves-Mint Partnership

NFT News:- NFT market has seen significant downturn in Q1 2025. The total sales volume has dropped by 63% to approximately $1.5 billion. As the NFT sales volumes keep sliding, a new partnership in the...

Nike sued over abrupt shutdown of RTFKT NFT unit

Nike is facing a lawsuit from a group of buyers of NFTs who said they lost hundreds of thousands of dollars when the sportswear giant closed its digital collectibles arm, RTFKT. The lawsuit was filed ...

Noves To Provide Human-Readable NFT Transfers In Partnership With Mint Blockchain

Noves, a popular blockchain data layer, has announced a new collaboration with Mint Blockchain, an Ethereum L2 network. The partnership aims to unveil robust human-readable NFT transfers to enhance fi...

OpenSea regains NFT market lead as rivals fall behind in user activity

Non-fungible token (NFT) marketplace OpenSea regained its position as the leading platform for digital collectible trading, even as overall market activity declined. Data tracker NFTScan shows that Op...

PENGU price spikes as Pudgy Penguins NFT sales jump

The Pudgy Penguins token has bounced back this week, soaring to its highest level since February as its NFT sales have jumped. Pudgy Penguins (PENGU) price soared to a high of $0.010, up over 167% fro...

OpenSea Dominates NFT Market Again: Secures 40%+ Share Amidst Slump

Hey everyone! Let’s talk about the wild and ever-evolving world of digital collectibles. If you’ve been following the space, you know the NFT market has seen its ups and downs. But amidst the volatili...

OpenSea Reclaims NFT Crown Despite Market Slowdown

OpenSea also attracted almost 70% of active NFT wallets, according to NFTScan. This resurgence happened after the launch of OpenSea’s revamped OS2 platform, hints at a native SEA token, and the ...

SUI surges 26% as Pokémon-related blockchain sparks NFT frenzy

Policy mentions Parasol, owned by Sui’s Mysten Labs. SUI token up over 26%, breaks $3.58 resistance. Market cap now $11.66 billion, driven by whale buying. The Pokémon franchise may be edging closer t...