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Money Laundering in Fortnite

A story we linked to yesterday alleges criminals are taking advantage of the in-game economy of Fortnite for money laundering. It turns out there was also a longer report on this last week on The Independent (thanks Slashdot via Ant) with more on this charge. Here's a bit
Stolen credit card details are being used to purchase V-bucks – the virtual currency used to buy items in the game – from the official Fortnite store. By selling V-bucks at a discounted rate to players, the criminals are effectively able to “clean” the money.

An investigation by The Independent into online black markets selling V-bucks, together with research by cyber security firm Sixgill, revealed the scale of the money laundering operations.

Discounted V-bucks are being sold in bulk on the dark web – a hidden section of the internet only accessible using specialist software – as well as in smaller quantities on the open web by advertising them on social media platforms like Instagram and Twitter.

By posing as potential customers, Sixgill agents uncovered operations being conducted around the globe in Chinese, Russian, Spanish, Arabic and English.

“Criminals are executing carding fraud and getting money in and out of the Fortnite system with relative impunity,” Benjamin Preminger, a senior intelligence analyst at Sixgill, told The Independent.

“Threat actors [a malicious person or entity] are scoffing at Epic Games’ weak security measures, saying that the company doesn’t seem to care about players defrauding the system and purchasing discounted V-bucks… This directly touches on the ability of threat actors to launder money through the game.”
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6. Re: Money Laundering in Fortnite Jan 22, 2019, 11:15 xXStellarDadXx
 
See below...Just for you Beamer and some other Fortnite lovers out there...

This comment was edited on Jan 22, 2019, 12:42.
 



I love Fortnite..keeps thy little kids out of thy good games...
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    Date Subject Author
  1. Jan 22, 10:36 Re: Money Laundering in Fortnite Cutter
  2. Jan 22, 11:04 Re: Money Laundering in Fortnite Mr. Tact
  3. Jan 22, 11:08  Re: Out of the Blue  Blue 
  4. Jan 22, 11:13  Re: Money Laundering in Fortnite HoSpanky
  10. Jan 22, 12:39   Re: Money Laundering in Fortnite Mr. Tact
  11. Jan 22, 13:38    Re: Out of the Blue  Blue 
  5. Jan 22, 11:13  Re: Money Laundering in Fortnite Beamer
>> 6. Jan 22, 11:15 Re: Money Laundering in Fortnite xXStellarDadXx
  7. Jan 22, 11:22  Re: Money Laundering in Fortnite Beamer
  8. Jan 22, 11:31   Re: Money Laundering in Fortnite MoreLuckThanSkill
  9. Jan 22, 12:32   Re: Money Laundering in Fortnite SpectralMeat
  12. Jan 22, 13:47 Re: Money Laundering in Fortnite thestryker
  13. Jan 22, 13:49 Re: Money Laundering in Fortnite jacobvandy
  14. Jan 22, 19:42  Re: Money Laundering in Fortnite Luke