This week, Nike was hit with a $5 million class action lawsuit after abruptly shutting down its RTFKT NFT platform. According to the lawsuit, Nike’s conduct led to millions of dollars in losses for investors in some NFTs. Jagdeep Cheema, the Australian plaintiff, claims that the platform’s shutdown led to...
Token ATH! is here to break down the latest legal drama shaking up the NFT world: a $5 million class-action lawsuit against Nike. The subject of the lawsuit—which seeks class action status—is that Nike misled investors about how secure and valuable its sneaker-themed NFTs were. As a consequence, shareholders lost...
The suit occurs just months after Nike closed down its RTFKT NFT project in December 2024. In early April 2025, one of those lawsuits came crashing into Brooklyn, New York’s courtrooms. It alleges that due to Nike’s actions, the values of the RTFKT NFTs plummeted resulting in catastrophic financial harm...
Nike is facing a lawsuit from crypto investors who allege the apparel giant executed a "rug pull" following the abrupt closure of its metaverse project, RTFKT Studios, in December. The plaintiffs are asking for more than $5 million in damages. They point to consumer protection law violations in New York,...
Nike, the world’s largest consumer brand in sports apparel, recently found itself immersed in litigation in the rapidly growing metaverse/NFT space. These lawsuits don’t just threaten creators’ livelihood; they raise fundamental questions about trademark protection, intellectual property, and the very concept of ownership in a digital world. Token ATH! Token...
Nike, the world’s leading supplier of athletic apparel and footwear is currently in a legal fight. This conflict further plunges us into the much hyped, but little understood world of NFTs. A class-action lawsuit has been filed against the company by disgruntled buyers of non-fungible tokens (NFTs) associated with its...
Online sports book DraftKings has settled a class-action lawsuit over its Reignmakers NFTs for $10 million. In March 2023, representative plaintiff Justin Dufoe filed suit. He claimed that these NFTs warrant the status of investment contracts under U.S. securities law. On February 28, 2025, the settlement was granted preliminary approval....
Oregon’s lawsuit against Coinbase has been getting some good press—and for good reason. At first glance, it sounds like common sense consumer protection – which we’re all in favor of, right? Attorney General Rayfield contends that without proper vetting, Coinbase was selling high-risk investments that could have—and did—harm Oregonians. No...
National crypto exchange Coinbase is pushing back in court against legal action brought by the Oregon AG’s office. In suing Coinbase, Ohio’s office claims that it violates state securities laws. On April 18, an open and transparent government lawsuit was filed in front of the Multnomah County Circuit Court. It...
Helium (HNT) price skyrocketed following the Securities and Exchange Commission (SEC) agreement to dismiss its lawsuit. In doing so, the move provides a boost to the development team building the decentralized wireless network. In January, a lawsuit was filed against Helium. It alleged that the business had broken the securities...
The world of NFTs is full of surprises and twists. Right after you think you’ve seen the last big twist, here comes another one. This time around, the focus is on one of the most hyped NFT projects in the space — DeGods. As many know, Rohun Vora, more famously...
On Monday, Rohun Vora announced his resignation as chief executive, bringing an end to his three-year tenure. He’s the founder behind the DeGods NFT collection. Vora shared news of his exit on X, saying that his tenure as the CEO of DeGods is finished, the overall DeGods story is not....
Rohun Vora’s resignation as CEO of DeGods sent shockwaves through the NFT community and world—sparking intense discussion and speculation with its announcement. A surge in sales followed, a counterintuitive reaction that begs the question: are we witnessing a strategic masterstroke or a potential unraveling? As someone who's seen enough market...
Rohun Vora is out as DeGods CEO. Sales are up. Everyone's talking about decentralization. Hold on before you pull out the party hats for this new Web3 revolution—let’s pump the brakes. Is this really about empowering the community, or is this just another power play in disguise?Decentralization Theater Or Real...
The DOOD token's launch wasn't just a blip. It's a blaring siren for crypto's real problem: wealth inequality. From a distance, you can watch the hype, the million-dollar market cap dreams, and then bam, the rug pull in slow motion. DOOD’s drop is not a surprising one-off. It’s the canary...
When the DOOD token launched, there was quite a bit of excitement. As the brainchild of the world-famous Doodles NFT collection, it rocked the already raucous NFT world. A minimum of a $100 million market cap from day one? It reeked of excitement, it whistled of hype, and quite honestly,...
Its introduction of a native token, $DOOD, on May 9, 2025, was well-publicized. That optimism soon soured as the new token plummeted over 99% in value. Token ATH! will analyze what went down, and most importantly, why it went down. We’ll dive into what this means for the future of...
The cryptocurrency market is frequently described as volatile, but the recent market movements have made those characterizations almost an understatement. One of the biggest big news is XRP’s recent pump. Not only has ETH performed better than most of its counterparts during the crypto bear market, it recently overtook crypto...