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Ian Servantes

Nike accuses StockX of selling fake sneakers as lawsuit escalates

What began as a legal battle over the intellectual property rights of sneaker NFTs has now escalated into claims of counterfeiting.

Nike is seeking to add claims of counterfeiting and false advertisement to its ongoing lawsuit against StockX, according to a report from Bloomberg. The sportswear giant says it purchased four pairs of fake sneakers through the resale platform, which claims items that pass through its authentication process are “100 percent authentic.”

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