SCAM NEWS: A New Study Finds that Video Games are Being Used for Money Laundering
Back in October 2019, Valve closed down the trading of container keys in Counter-Strike: Global Offensive. Container keys are normally used to unlock rare items such as firearms and knives. Keys used to be tradeable on the Steam marketplace, but Valve observed a recent shift in fraudulent markets that started using container keys to liquidate profit. Valve claimed that near all the keys being traded were being used for fraud. People can still buy keys, but the keys remain in their own inventories.
Research analyst Kayla Izenman and Research Fellow Anton Moiseienko from the Centre for Financial Crime and Security Studies at Royal United Services Institute (RUSI) co-authored a recent study on money laundering in video games. RUSI’s study mentions that investigations into money laundering started as early as 2013, when cybercrime analyst Jean-Loup Richet wrote a report after investigating various hacker forums. By using virtual currencies in games, people were able to send money to other people, typically over international borders.
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Back in October, Valve closed down the trading of container keys in Counter-Strike: Global Offensive. Container keys are normally used to unlock rare items such as firearms and knives. Keys used to be tradeable on the Steam marketplace, but Valve observed a recent shift in fraudulent markets that started using
TAGS: Scams, Scammers, Scam News, SCARS, Kayla Izenman, Research Fellow Anton Moiseienko, Centre for Financial Crime and Security Studies, Royal United Services Institute (RUSI)
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