Wu said that according to Reuters, Nike has been sued by NFT holders for suddenly shutting down its cryptocurrency business. The plaintiff, led by Australian resident Jagdeep Cheema, filed a lawsuit in Brooklyn Federal Court in New York, alleging that Nike's sudden closure of its RTFKT division in December 2024 led to a sharp decline in its NFT demand. The plaintiff stated that if they knew in advance that these tokens were unregistered securities, and Nike