StockX Caught $30 Million in Counterfeits
Fake products accounted for one-fifth of the items rejected by its verification methods, the e-commerce platform revealed in its Big Facts: The Verification Report, which covers the twelve months ended May 31, 2023. StockX found its verification program had stopped nearly $30 million in fake sneakers from making it to the platform. Its tracking efforts show the growing demand for fakes in lower price points as the Nike Dunk Low Retro White Black Panda, with a sub-$200 average resale price, was the fake sneaker most encountered by the authentication team. The ... Log in to view full article.