Nike has found itself at the epicenter of a legal storm following the sudden closure of its NFT business division, Nike RTFKT $NKE. A collective lawsuit, filed in Brooklyn’s federal court, alleges that the unexpected shutdown led to significant losses for buyers of the NFTs associated with Nike and other cryptocurrency assets. The plaintiffs, led by Jagdeep Chima from Australia, claim that had they known the true nature of the tokens as unregistered securities, their purchasing decisions would have been markedly different.