iSignthis CEO John Karantzis plays the Wirecard, page-6

First 6 Last

Share
Profile

Follow
pastperformer

7,925 Posts.

2423

06/07/20

11:33

Post #: 45665402
Share

Originally posted by retiredyoung: ↑

October 2019:

The gaming firm Valve has halted trading of some in-game items in its popular multiplayer shooter Counter-Strike: Global Offensive after discovering that “nearly all” of the trading was part of a money-laundering scheme run by “worldwide fraud networks”.

Valve said it had closed the market between players, and in patch notes for the latest version of CS:GO – first reported by Motherboard – it gave its reasons.

“In the past, most key trades we observed were between legitimate customers. However, worldwide fraud networks have recently shifted to using CS:GO keys to liquidate their gains,” it said.

“At this point, nearly all key purchases that end up being traded or sold on the marketplace are believed to be fraud-sourced. As a result we have decided that newly purchased keys will not be tradeable or marketable.

”Valve did not go into detail, but it is likely the trading was used to launder income from credit card fraud and other financial crimes. Buying and reselling digital goods is a popular way for financial criminals to cash out from identity theft. In the past, iTunes and Amazon gift cards have also been popular.

https://www.theguardian.com/games/2019/oct/30/counter-strike-trading-found-to-be-nearly-all-money-laundering

Expand

Originally posted by ben79: ↑

Looks like 'Legal' have finally intervened:

"We do not suggest that iSignthis is involved in either of those particular conspiracies, only that this is an exceptionally high-risk sector and iSignthis does process payments for reseller sites (or “gold farmers”) where gamers trade these currencies. "

Bet that paragraph wasn't in Joe's original article....

Expand

Yes, this is in my opinion where ISX transaction volumes are coming from. They know it and ASIC is also aware.

Those website's are a front's it clear to anyone who cares to subscribe to common sense thinking.

ISX Price at posting: $1.07 Sentiment: None Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 56 more messages in this thread...

First 6 Last

Add SP1 (ASX) to my watchlist

iSignthis CEO John Karantzis plays the Wirecard, page-6

Top Stories

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Featured News