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Nike has ramped up its battle with the online marketplace StockX, saying that it purchased four pairs of counterfeit shoes on the site, despite . 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 .
Sneakers that were suspected to be fake accounted for about 13 percent – or million – of that total. Watch on FN. StockX added that in 2023 alone, the company rejected more than 325,000. Nike has asked a federal judge to allow the company to add counterfeiting and false advertising claims to its preexisting trademark lawsuit against StockX. Nike sued StockX in February for selling NFTs with Nike’s logo, and has amended the suit to question the online marketplace’s authentication process. 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.
what happened to stockx
Nike’s case against StockX originated in early 2022 with accusations that the resale platform used logos and products trademarked by Nike to sell NFTs. 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. Nike has ramped up its battle with the online marketplace StockX, saying that it purchased four pairs of counterfeit shoes on the site, despite StockX's guarantees of authenticity.
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. 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.
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. Sneakers that were suspected to be fake accounted for about 13 percent – or million – of that total. Watch on FN. StockX added that in 2023 alone, the company rejected more than 325,000. Nike has asked a federal judge to allow the company to add counterfeiting and false advertising claims to its preexisting trademark lawsuit against StockX. Nike sued StockX in February for selling NFTs with Nike’s logo, and has amended the suit to question the online marketplace’s authentication process.
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’s case against StockX originated in early 2022 with accusations that the resale platform used logos and products trademarked by Nike to sell NFTs. 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.
Nike has ramped up its battle with the online marketplace StockX, saying that it purchased four pairs of counterfeit shoes on the site, despite StockX's guarantees of authenticity. 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. 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.
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. Sneakers that were suspected to be fake accounted for about 13 percent – or million – of that total. Watch on FN. StockX added that in 2023 alone, the company rejected more than 325,000. Nike has asked a federal judge to allow the company to add counterfeiting and false advertising claims to its preexisting trademark lawsuit against StockX.
Nike sued StockX in February for selling NFTs with Nike’s logo, and has amended the suit to question the online marketplace’s authentication process. 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’s case against StockX originated in early 2022 with accusations that the resale platform used logos and products trademarked by Nike to sell NFTs.
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