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A pair of Air Jordan 1 Retro shoes are seen before being packed to ship out of StockX. Photo: Jeff Kowalsky/AFP/Getty Images

Online sneaker marketplace StockX experienced a data breach that exposed millions of customers' data, revealed only after a company email asked users to reset their passwords for "system updates," TechCrunch reports.

Why it matters: Last month, StockX was valued at over $1 billion after a $110 million fundraising round. The tracker, which has helped niche shoe buyers decide whether to sell, buy or hold, has exploded among non-shoe lovers who are only interested in the gains they can make from flipping sneakers at higher prices.

An unnamed seller of the stolen data contacted TechCrunch and claimed that more than 6.8 million records were stolen from StockX in May. Details per TechCrunch:

  • The stolen data contained names, email addresses, shoe sizes, trading currency, device types and more.
  • The seller put the data up for sale for $300 in a dark web listing. One person at the time of writing had already bought the data.
  • StockX confirmed the hack to Engadget and said it has implemented "immediate infrastructure changes to mitigate and address any potential effects of the suspicious activity."

What to watch: Under GDPR guidelines, StockX could be fined as much as 4% of its global annual revenue for the violations.

Go deeper: The slow decay of sneaker culture

Editor's note: The story has been updated to reflect that TechCrunch was contacted by an unnamed seller of the stolen data (not a seller whose data has been breached).

Go deeper

Ina Fried, author of Login
6 mins ago - Technology

Tech's race problem is all about power

Illustration: Eniola Odetunde/Axios

As problematic as the tech industry's diversity statistics are, activists say the focus on those numbers overlooks a more fundamental problem — one less about numbers than about power.

What they're saying: In tech, they argue, decision-making power remains largely concentrated in the hands of white men. The result is an industry whose products and working conditions belie the industry rhetoric about changing the world for the better.

Mayors fear long-lasting effects of COVID-19

Data: Menino Survey of Mayors; Chart: Axios Visuals

U.S. mayors tend to be an optimistic bunch, but a poll released Thursday finds them unusually pessimistic about prospects for post-pandemic recovery.

Why it matters: In a survey of mayors of 130 U.S. cities with more than 75,000 residents, 80% expect racial health disparities to widen, and an alarming number predict that schools, transit systems and small businesses will continue to suffer through 2021 and beyond.

Coronavirus hospitalizations top 100,000 for the first time

Expand chart
Data: The COVID Tracking ProjectHarvard Global Health Institute; Cartogram: Danielle Alberti and Andrew Witherspoon/Axios

More than 100,000 Americans are now in the hospital with coronavirus infections — a new record, an indication that the pandemic is continuing to get worse and a reminder that the virus is still very dangerous.

Why it matters: Hospitalizations are a way to measure severe illnesses — and severe illnesses are on the rise across the U.S. In some areas, health systems and health care workers are already overwhelmed, and outbreaks are only getting worse.