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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 said its authenticators have spotted counterfeit versions of Nike, Jordan Brand and Adidas Yeezy sneakers most often in the last year.
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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. Nike said in a federal court filing with the Southern District of New York on Tuesday that the shoes it had purchased and determined to be fake . 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. 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.
Lawyers for Nike have argued that StockX should be prohibited from selling shoes — digital or otherwise — with a design the public associates with Nike without the brand's . Nike has amended its suit against StockX to include accusations of selling counterfeit merch labeled as “authentic” on its platform. This comes after Nike says it purchased four pairs of fake.
Then last week, Nike upped the legal ante: It added an accusation of counterfeiting on top of its existing trademark suit, claiming that it purchased four pairs of fake . 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. 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 said its authenticators have spotted counterfeit versions of Nike, Jordan Brand and Adidas Yeezy sneakers most often in the last year.
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 said in a federal court filing with the Southern District of New York on Tuesday that the shoes it had purchased and determined to be fake "had affixed to them StockX's 'Verified Authentic. 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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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.
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Lawyers for Nike have argued that StockX should be prohibited from selling shoes — digital or otherwise — with a design the public associates with Nike without the brand's permission.
Nike has amended its suit against StockX to include accusations of selling counterfeit merch labeled as “authentic” on its platform. This comes after Nike says it purchased four pairs of fake. Then last week, Nike upped the legal ante: It added an accusation of counterfeiting on top of its existing trademark suit, claiming that it purchased four pairs of fake Nikes from StockX.
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