Nike is being hit with a class action lawsuit demanding over $5 million in damages after shutting down its Web3 NFT platform RTFKT in January. A group of RTFKT users filed the lawsuit in the Eastern District of New York on April 25,

The plaintiffs are seeking unspecified damages of more than $5 million USD for alleged violations of consumer protection laws in four states.

A group of people sued Nike this week over its decision to wind down its virtual show project RTFKT last year. The buyers of the digital assets accuse Nike of causing “the rug to be pulled out from under them,” and say they wouldn’t have bought its NFTs if they’d known they were “unregistered securities,” reports Reuters.