Footwear

Nike Accuses StockX of Selling Counterfeit Sneakers in Ongoing Legal Battle

It all started over NFTs.

By
1,185 Hypes

Nike Accuses StockX of Selling Counterfeit Sneakers in Ongoing Legal Battle

It all started over NFTs.

In a move that everyone saw coming, Nike began litigation against StockX in February after the resell platform began selling NFTs of popular Nike and Jordan models on its VaultNFT platform.

StockX purports that the VaultNFTs are not digital sneakers, but represent physical sneakers that are in a vault and can be sold or traded among consumers.

Today it was revealed that Nike has taken the suit a step further, claiming the VaultNFTs and other sneakers on StockX are counterfeit. The sportswear giant even claims to have purchased four pairs of physical sneakers that were fakes, undermining StockX’s supposed authentication process.

StockX replied in an Instagram Story post, calling Nike’s claims “baseless” and that the whole debacle “clearly demonstrates their lack of understanding of the modern marketplace.”

As of now, StockX has not removed any Nike VaultNFTs. Stay tuned for additional info as the case unfolds.

Read Full Article
Share this article

What to Read Next

Nike Covers the Air Jordan 1 High OG in Spring-Ready Hues of Purple and Gold
Footwear

Nike Covers the Air Jordan 1 High OG in Spring-Ready Hues of Purple and Gold

An ode to Michael Jordan’s fraternity, Omega Psi Phi.
4,624 Hypes

Nike Unveils the Air Jordan 4 in a Clean "White and Black" Colorway
Footwear

Nike Unveils the Air Jordan 4 in a Clean "White and Black" Colorway

It’s a cop for us.
8,422 Hypes

Our Favorite Sneaker Instagrams of the Week: Outfit Inspo Featuring Nike, YEEZY and More
Footwear 

Our Favorite Sneaker Instagrams of the Week: Outfit Inspo Featuring Nike, YEEZY and More

Baes for days.
1,635 Hypes


14 Sneakers Releasing This Week: New Balance, Nike, Yeezy and More
Footwear

14 Sneakers Releasing This Week: New Balance, Nike, Yeezy and More

Check out our favorite footwear drops from weather-ready 1s to furry Lebron’s.
12,064 Hypes

Blueland Launches Refillable Body Wash
Beauty

Blueland Launches Refillable Body Wash

The sustainable company reinvents your shower.
344 Hypes

Halsey Suffering From Multiple Health Issues Since Giving Birth
Culture

Halsey Suffering From Multiple Health Issues Since Giving Birth

“I’m allergic to literally everything.”
1,330 Hypes

Nécessaire Launches a New Neck Serum
Beauty

Nécessaire Launches a New Neck Serum

The body care brand shows love to the some of the thinnest skin on your body.
229 Hypes

Watch: MACHINA Reinvents the Nike Air Max
Footwear

Watch: MACHINA Reinvents the Nike Air Max

Adding new meaning to “air.”
606 Hypes


Rosalía Gets Intimate With Nature in New Music Video for "DELIRIO DE GRANDEZA"
Music

Rosalía Gets Intimate With Nature in New Music Video for "DELIRIO DE GRANDEZA"

The cover song is part of her latest album, ‘MOTOMAMI.’
312 Hypes

Khloé Kardashian's Initial Reaction to Tristan Thompson's Paternity Results Is Caught on Camera
Culture

Khloé Kardashian's Initial Reaction to Tristan Thompson's Paternity Results Is Caught on Camera

The basketball player fathered another child in January.
4,437 Hypes

A 'Superbad' Sequel Almost Could Have Happened
Film & TV

A 'Superbad' Sequel Almost Could Have Happened

It would’ve taken place in college.
1,104 Hypes

Dover Street Market Celebrates Photo London 2022 With In-Store Activations
Fashion

Dover Street Market Celebrates Photo London 2022 With In-Store Activations

Expect new launches from the likes of Raf Simons and Jil Sander.
935 Hypes


More ▾
 
Subscribe to our Newsletter

Keep updated on the latest news.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.