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In a redacted filing last week, Nike said it contacted a StockX buyer who got dozens of fake pairs from the platform. Here, the reseller explains what happened.
According to the data, the No. 1 reason products are rejected during StockX’s verification process is signs of previous wear (29%), with suspected fake (19%) being the . StockX is an online marketplace where many sneakerheads buy and sell shoes. But Nike is claiming in a lawsuit that StockX is not .
In a redacted filing last week, Nike said it contacted a StockX buyer who got dozens of fake pairs from the platform. Here, the reseller explains what happened. According to the data, the No. 1 reason products are rejected during StockX’s verification process is signs of previous wear (29%), with suspected fake (19%) being the second most cited reason for failure.
StockX is an online marketplace where many sneakerheads buy and sell shoes. But Nike is claiming in a lawsuit that StockX is not authenticating all products and selling counterfeits. StockX said its authenticators have spotted counterfeit versions of Nike, Jordan Brand and Adidas Yeezy sneakers most often in the last year.The quality of fake items has increased, as has the quantity of unauthorized items (often made in the same factory as the real items). StockX has always been committed to fighting counterfeits and fraud on our platform. Every resale platform has a small chance of sending out a fake, there's no magical platform that has amazing authenticators - they're all just minimum wage employees following a guide and getting through as many pairs as they can in a day.
In its June 2023 verification report, StockX said the leading reasons a product was rejected in the past year, StockX said, are manufacturing defects (27 percent) and fake products (20.
In the last year, StockX authenticators stopped nearly M worth of fake sneakers from trading on the platform. The company’s latest verification report also reveals the most counterfeited products in the last year. Nike is accusing StockX of selling look-alike versions of its shoes and wants a federal judge to force the online marketplace to remove the alleged knockoffs from its website. A comprehensive look at the Nike vs. StockX NFT & counterfeit sneaker lawsuit. Find out what happened, where it stands, and what could happen next here.
In a redacted filing last week, Nike said it contacted a StockX buyer who got dozens of fake pairs from the platform. Here, the reseller explains what happened.
According to the data, the No. 1 reason products are rejected during StockX’s verification process is signs of previous wear (29%), with suspected fake (19%) being the second most cited reason for failure. StockX is an online marketplace where many sneakerheads buy and sell shoes. But Nike is claiming in a lawsuit that StockX is not authenticating all products and selling counterfeits. StockX said its authenticators have spotted counterfeit versions of Nike, Jordan Brand and Adidas Yeezy sneakers most often in the last year.The quality of fake items has increased, as has the quantity of unauthorized items (often made in the same factory as the real items). StockX has always been committed to fighting counterfeits and fraud on our platform.
Every resale platform has a small chance of sending out a fake, there's no magical platform that has amazing authenticators - they're all just minimum wage employees following a guide and getting through as many pairs as they can in a day. In its June 2023 verification report, StockX said the leading reasons a product was rejected in the past year, StockX said, are manufacturing defects (27 percent) and fake products (20. In the last year, StockX authenticators stopped nearly M worth of fake sneakers from trading on the platform. The company’s latest verification report also reveals the most counterfeited products in the last year.
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Nike is accusing StockX of selling look-alike versions of its shoes and wants a federal judge to force the online marketplace to remove the alleged knockoffs from its website.
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