The NFT market, that hot new thing that catapulted into an over $40 billion industry, has since tanked. The crypto winter has led to several class-action lawsuits against big players such as Nike and Yuga Labs.

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,

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.