It wasn’t “system updates” as it claimed. StockX was mopping up after a data breach, TechCrunch can confirm. An unnamed data breached seller contacted TechCrunch claiming more than 6.8 million records were stolen from the site in May by a hacker. Aug 3, 2019
The information can be used to ensure you never overpay or undersell. As a shoe collector, I’ve been using StockX for a few years now, and it’s the most convenient and fail-safe way to buy and sell sneakers and more.
Moreover, How many fakes get through StockX?
In the first couple months of opening its doors StockX received up to a 15% fake rate, but today that rate is as low as 1% or 2%. “The fact that we do check deters mostly people from sending fake shoes through us,” StockX co-founder Josh Luber tells HYPEBEAST.
Secondly, Is StockX still hacked?
It took until August 8 for StockX itself to announce the hack and what measures it was taking. Today, some people whose accounts were compromised are still dealing with the aftermath, and StockX hasn’t been of much help. Reports of fraudulent purchases have appeared online as recently as last week.
Simply so, Can StockX sell fake shoes?
StockX bans sellers from its platform that willfully or repeatedly attempt to sell fakes. Would-be buyers whose orders are stopped by the discovery of a fake get refunds if no similar item is available. “Because we check, most people don’t even try to send fakes through us,” Luber said.
How credible is StockX?
StockX is a 100% legitimate company.
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Can I sue StockX for data breach?
Sponsored Links. StockX is now facing legal action over a data breach that led to the theft of more than 6.8 million customer records. A class-action lawsuit filed in US District Court this week alleged that the online sneaker marketplace compromised the data of minors.
Can you get scammed on StockX?
StockX authenticates all products before they’re sent to you, so you never have to worry about scammers and fake items. StockX also provides both buyers and sellers with usable data like current market value, number of items sold, and loss or gain on items.
What happens if you sell fakes on StockX?
If the shoes are not authentic, or they are not in deadstock condition with the original box, you will be charged 15% of the sales price or $13.95 for shipping them back to you, whichever is more. No arrests, no accusations. If you keep sending them fakes they will suspend your account.
What happens if you sell fakes on goat?
If you send items to us that we deem inauthentic or unsellable in our sole and reasonable discretion, the buyer will be refunded the full amount they paid for the items and you will have the option to have the items sent back to you or disposed of by us.
What happens if you sell fake shoes on goat?
This means that sellers can list any shoes on GOAT’s marketplace, but shoes that sell are first sent to the company for authentication by its image detection AI. If the shoes are found to be replicas or not as described, they don’t ship and buyers are given a refund. Founded in 2015, GOAT’s business is booming.
Does StockX return fake?
Now with StockX, you’re guaranteed that the goods you purchase are 100% verified authentic, never fake. Every item bought and sold on StockX goes through a rigorous authentication process, putting the hammer down on scammers and bootleggers.
Is StockX safe to use now?
Founded in 2015, StockX is an online marketplace for buying and selling sneakers, streetwear, watches, and designer handbags. The website acts as a middleman between buyers and sellers, making otherwise potentially shady resale market transactions safe and secure.
Is StockX still safe?
The website acts as a middleman between buyers and sellers, making otherwise potentially shady resale market transactions safe and secure. StockX authenticates all products before they’re sent to you, so you never have to worry about scammers and fake items.
What happens if you sell fake shoes on StockX?
If the shoes are not authentic, or they are not in deadstock condition with the original box, you will be charged 15% of the sales price or $13.95 for shipping them back to you, whichever is more. No arrests, no accusations. If you keep sending them fakes they will suspend your account.
Is StockX a good place to buy shoes?
StockX authenticates all products before they’re sent to you, so you never have to worry about scammers and fake items. As a shoe collector, I’ve been using StockX for a few years now, and it’s the most convenient and fail-safe way to buy and sell sneakers and more.
Can you sell fake shoes on StockX?
StockX only sells authentic sneakers that are unworn and in their original box. The company says it overtook eBay last year for sneaker resales. Its competitors also include online sellers and platforms such as GOAT, Grailed, Flight Club and Stadium Goods. There is significant money in reselling sneakers.
Can you get fakes from StockX?
StockX bans sellers from its platform that willfully or repeatedly attempt to sell fakes. Would-be buyers whose orders are stopped by the discovery of a fake get refunds if no similar item is available. “Because we check, most people don’t even try to send fakes through us,” Luber said.
Last Updated: 15 days ago – Co-authors : 8 – Users : 5
