StockX — the popular online marketplace for sneakers, streetwear, handbags, and luxury watches — has fallen victim to a data breach.
On August 1st, users of the billion dollar e-commerce platform known worldwide to sneakerheads received a seemingly innocuous email stating: “We recently completed system updates on the StockX platform. To access your account, reset your password by clicking below.”
Days later, the story behind the email was revealed. StockX had been hacked. As reported by TechCrunch an unnamed data breach seller claimed that more than 6.8 million records were stolen from the platform back in May.
“Though our investigation remains ongoing, forensic evidence to date suggests that an unknown third-party was able to gain access to certain customer data, including customer name, email address, shipping address, username, hashed passwords, and purchase history,” StockX said on its website on Saturday. “From our investigation to date, there is no evidence to suggest that customer financial or payment information has been impacted.”
The e-commerce platform said that when the original password reset emails were sent to its users on August 1, the nature, extent, or scope of suspicious activity was not yet known.
The Detroit-based company also stated that it takes data security and privacy very seriously. The company is assuring its users that it would continue to communicate with them and work hard to protect their shopping experience.
Entrepreneur Josh Luber brought his idea of a 'stock market of things' to life in 2015. Now in 2019, the company is primarily known for being a go-to platform for the nearly $6 billion sneaker resale market. In June Scott Cutler, formerly a senior VP at eBay and president of StubHub joined Stock X as the company's CEO.
Reggie Wade is a writer for Yahoo Finance. Follow him on Twitter at @ReggieWade.